Private Debt Performance Spurs Potential Inflows The private debt industry has only become a mainstay of many investors’ portfolios relatively recently, but there is mounting evidence that the returns the asset class is providing for them are spurring investors to allocate ever-increasing levels of capital to the debt market…. Subscribe to Read MoreAlready a member?
PE Still Outperforms in the Long Run The key value-adding proposition of private equity fund managers is that they offer more stable, market-beating, safer returns across longer timelines that of course lead to relative illiquidity. And thus far, PE managers have made good on that value proposition. In addition to tracking vintage PE funds against comparable…
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Emerging market economic growth managed to hang on to much of its momentum over August according to the latest release of the IHS Markit Emerging Market Composite PMI index. The August reading indicated that emerging market economies stayed in expansion territory for the third month in a row for the first time since the spring…
Issuers largely continue to win out on flex, but investors are pushing back on riskier credits Similar to previous months, flex activity in August continued along the path of being mostly a borrower friendly market. Thomson Reuters LPC’s Flex Factor scored -0.6 in August, the fifth straight month in issuer friendly land. The Flex Factor…
The thirteen-hour drive back from our North Carolina beach retreat afforded plenty of time to conjure up snappy post-Dodd Frank tourism slogans (“Welcome to the Outer Non-Banks!”) and spot amusing bumper stickers (“My Other Car is Driverless”). In general, though, our thoughts last week kept drifting back to the state of the capital markets as…
Junk bond spreads have eased this year in the face of continued Fed liquidity and a benign default outlook. Source: Bloomberg LP, The Daily Shot; high yield option adjusted spreads (all sectors)