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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.
April was down, as expected
Download PitchBook’s Report here. An early look at April 2020 deal volume shows the significant decline we’ve all been anticipating. Only…
MM Sponsored dealflow pipeline expected to remain anemic through summer
Middle market syndicated loan issuance remains extremely thin for sponsor-backed deals so far in 2Q20. Volume has only reached about…
Non-Accruals across lower middle market portfolios rise to 7.5%
Effects of the coronavirus lifted the average non-accrual rate across lower middle market BDC portfolios by 1.7%, to 7.5% in…
Junk Food
High-yield bond issuance cratered with the onset of COVID-19 in March, then rebounded sharply in April.
Covid-19 and the Labor Market
The Bank of England has projected the COVID-19 pandemic will cause GDP for the UK to decline 14% this year.…
Middle Market Deal Terms at a Glance - May 2020
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Private Debt Intelligence - 5/18/2020
Fund Managers Response to COVID-19 [wpdm_package id=’34777′] Although fundraising is slowing in the wake of the economic fallout from COVID-19,…
Will coronavirus prompt a new wave of distress?
One of the long-term impacts of the global financial crisis was a sharp uptick in non-performing loans as lax underwriting…
Loan Stats at a Glance - 5/18/2020
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Pricing, OIDs also widen for double B issuers in today's market
Pricing for double-B rated issuers has widened significantly this quarter. The average yield, assuming a three-year term to repayment, on…
The consolidation question
Download PitchBook’s Report here. If the current downturn mimics the 2008 financial crisis, private equity may see a few years of…







High Times (First of a Series)
One of our faithful readers emailed the other day: “Hey, I noticed it’s been a while since you wrote about…