Chart of the Week: Supply Slide
Annualized for the full year, 2017 seems poised for the most middle market leveraged loan volume since 2014.
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The Pulse of Private Equity – 9/25/2017
Same game, new players Download Report Here The alternative asset industry is no stranger to GP stake sales, but those transactions have historically focused on hedge fund managers over private equity. That trend has pulled a full 180 in recent years, with PE stakes now accounting for well over half of such deals in 2017 while…
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Private Debt Intelligence – 9/25/2017
Private Debt Investors’ Plans for the Next 12 Months The large majority of investors surveyed by Preqin in June 2017 are satisfied with private debt: 80% report that their portfolios have met expectations over the past 12 months. However, the proportion of investors who expect to decrease capital commitments to the asset class in the…
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Loan Stats at a Glance – 9/25/2017
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Markit Recap – 9/18/2017
Toys R Us triggers CDS credit event Toys R Us became the latest CDS name to default after it filed for Chapter 11 bankruptcy protection. There have been lots of contentious credit events this year (Noble, Banco Popular, Monte to name a few) but this one was cut and dried. An auction will be held…
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Leveraged Loan Insight & Analysis – 9/18/2017
Toys ‘R’ Us bankruptcy pushes DIP loan issuance to the highest level since 2009 Toys ‘R’ Us launched a US$3.125bn debtor-in-possession (DIP) facility this week after filing for Chapter 11 protection on Monday. If the deal goes through at the launch amounts, it would bring year to date DIP loan issuance to US$7.6bn across 13…
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Select Deals in the Market – 9/18/2017
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The Pulse of Private Equity – 9/18/2017
The numbers behind the fundraising boom Download PitchBook’s Global PE Deal Multiples Report Here According to our new PE & VC Fund Performance Report, released this week, net cashflows to private equity investors stayed in positive territory through 2016. Net cashflows (the difference between LP contributions and GP distributions) are on a downward trend and, while…
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Loans à la Mode
Following our story last week on skyrocketing costs of natural vanilla flavoring, fans of confectionary innovation alerted us to another development on the sweets front. A Swiss company is launching “ruby chocolate” to appeal to millennial appetites as well as to open foreign markets less known for chocoholics. While not available to consumers until 2018,…
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