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Business of Private Credit: Coming Home
Much attention has been paid to the suitability of Matt Damon in the lead role as the wily Odysseus in this summer’s Christopher Nolan blockbuster.
Loan Stats at a Glance - 2/22/2021
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
2020: The M&A Big Bang
We conclude our special series, “Five Biggest Private Capital Surprises of 2020,” with: Surprise #5: The M&A Big Bang Last…
Average Adjustments for EBITDA Reconciliation, M&A-Driven Loan Deals
Contact: Steven Miller
Institutional loan refinancings jump in January to $39bn
Refinancing deals dominated the institutional loan market in January, with US$39bn in volume for a 71% share of overall institutional…
A good year for the Big Five
Download PitchBook’s Report here. The Big Five public PE firms—Blackstone, KKR, Apollo, Ares and Carlyle—had a good 2020 across several metrics,…
Middle Market Deal Terms at a Glance - February 2021
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Cover the Spread
First-lien middle market direct lending deals proved the best value vs. large cap and unitranches.
Private Debt Intelligence - 2/15/2021
Investors are Satisfied with Private Debt [wpdm_package id=’42681′] Despite a hard 2020, investors were largely satisfied with the performance of…
Loan Stats at a Glance - 2/15/2021
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Asia Pacific wakes up to private debt
From having tentatively dipped their toes into private debt’s waters, investors based in Asia Pacific have been bravely wading in…
BDC Visible Loans Benchmark now bid above pre-Covid levels
The BDC Visible Loans Benchmark has continued to climb higher, reaching the 93.65 level on Friday. The BDC secondary cohort…
January volume soars on LBOs; Unitranche to feel broader pricing pressures
Chat I Chart II January’s direct lending tally set a new high, up from the previous record in December. Momentum…








2021: The Great Reception (First of a Series)
It was just another painful ramification of the pandemic. We’re referring, of course, to the nationwide absence of Grape-Nuts on…