Last year was Exhibit A on how non-traded loans perform amid volatility relative to their liquid cousins.

The value of initial business combinations (IBCs) produced by SPAC IPOs has reached unprecedented levels in 2020.

SPAC related IPOs are showing higher float rotation on the dates deals are announced.

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.