The number of special purpose acquisition company filings have ramped up sharply.
Market volatility and dry powder pushed special purpose acquisition company activity to record levels.
With data reported only through Oct 7, high-yield bond volume has already reached record levels.
With colder weather and lax safety measures, new COVID-19 cases have accelerated.
Purchase prices as multiples of borrower ebitda have slumped this year across the middle market.
As the COVID-19 crisis took hold, leverage distributed more widely by borrower ebitda.
The number of private debt funds raised globally slumped in the third quarter, but has generally held steady.
TSA checkpoint data is showing that air travel in the US remains significantly below pre-COVID levels.
Middle market lenders report worsening performance of portfolio companies during the fourth quarter.
Pent-up private debt appetite is driving third quarter fundraising, though mostly on the distressed front.