Select Deals in the Market – 7/11/2016
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Preqin Private Debt Intelligence – 7/11/2016
Private Debt Industry Achieves Greater Fundraising Success in H1 2016 Although private debt fundraising in Q2 2016 has not matched the record levels seen in recent quarters, H1 2016 as a whole has seen a record proportion of funds exceed their initial target size. The period has also seen a diminishing number of funds fail…
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Loan Stats at a Glance – 7/11/2016
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
State of the Capital Markets – Second Quarter 2016 Review and Third Quarter 2016 Outlook
Need timely market data and expert commentary to share with your clients? Download our State of the Capital Markets presentation! As a subscriber to The Lead Left, you’ll get: Review of Current Market Conditions Analysis of Capital Markets Metrics Including Covenants, Pricing, Loan Volume, & Leverage Review of Credit Quality Outlook for Third Quarter 2016
Markit Recap – 7/4/2016
The parlous condition of the European banking system keeps coming back to haunt the global economy, with the latest attack of lurgy coming from Brexit. The UK electorate’s vote to leave the EU has laid bare the weak credit quality of lenders, a state of affairs that needed little revealing. Markit’s iTraxx Senior Financials index,…
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Leveraged Loan Insight & Analysis – 7/4/2016
Improved market sentiment boost 2Q16 leveraged market; Opportunistic deals resurface The market volatility that emerged at the tail end of 2015 and seeped into 1Q16, eased in 2Q – at least until the Brexit vote – allowing lenders to step back to assess their pipelines against the back drop of a stronger high yield bond…
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Covenant Trends: Average F&C + PF 1st Lien Leverage
Contact: Steven Miller smiller@covenantreview.com
Covenants in the Coal Mine (Last of Two Parts)
The onset of renewed market volatility last week reminded credit participants that exogenous events do impact prices and new issuance, though to differing degrees. Broadly syndicated loan and high-yield bond markets both saw price declines in secondary trading. But new junk issuance slowed to a crawl after the Brexit vote, while loan activity continued uninterrupted. This…
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The Pulse of Private Equity – 7/4/2016
The decline in US private equity activity deepens US private equity activity continues to fall. Even if Q2 numbers are revised upward as time goes on, with additional datapoints backfilled, a quarter-over-quarter decline will still have occurred in the first half of 2016. As of early July, completed deal count for Q2 is more in…
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