Pent-up private debt appetite is driving third quarter fundraising, though mostly on the distressed front.
Post-COVID direct lending spreads gapped out relative to middle market bank loans in the second quarter.
As the pandemic wears on, workers suffering temporary layoffs have decreased, but permanent job losses are higher.
Air travel has climbed back from the dark days of April, yet remains far below last year’s numbers.
The mix of businesses represented by July’s direct lending activity skews to non-COVID industries.
In an inevitable result of COVID, middle market LBO loan activity slumped almost 80% from the previous quarter.
The prices of COVID tests across the US vary across the largest hospitals surveyed.
Opening of state economies has new COVID cases in the US outpacing Europe.
Twenty-one of the 50 states have either paused or are reversing reopening of their economies.
Sentiment that COVID-19 will be short-lived is shifting as new cases emerge from states opening up.