PDI Picks – 3/15/2021

The new normal is the old normal


After a brief period of change, deals are starting to look very similar to how they did pre-covid.

“It’s amazing how quickly the snap-back has happened,” said Richard Olson, a London-based managing director at investment bank Lincoln International, reflecting on how private debt deal terms have quickly reverted to the market standard that was seen prior to the global health crisis.