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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.
Exit multiples have stayed steady at an elevated level
View PitchBook’s 2017 PE & VC Exits Here Slowly but surely, exit multiples for secondary buyouts and corporate acquisitions have risen…
High Lites
Despite growing cov-lite activity in the middle market, levels remain below those in early 2014.
Lead Left Interview - Tess Virmani (Part 2)
This week we continue our conversation with Tess Virmani, SVP and Associate General Counsel of the Loan Syndications and Trading Association…
Middle Market Deal Terms at a Glance - June 2017
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Private Debt Intelligence - 6/19/2017
Private Debt Funds’ Time on the Road [wpdm_package id=’13033′] Preqin here compares the time spent on the road by private…
Loan Stats at a Glance - 6/19/2017
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Middle market fundraising firing on all cylinders in 2017
Money continues to pour into the middle market in a myriad of ways. For starters, 2017 is going to be…
Covenant Trends - Average EBITDA Adjustment Horizon (Months) for Synergies / Cost Savings
Contact: Steven Miller smiller@covenantreview
Lead Left Interview - Tess Virmani
This week we chat with Tess Virmani, SVP and Associate General Counsel of the Loan Syndications and Trading Association (LSTA).…
Is this the new normal for buyout firms?
View PitchBook’s 2017 Global PE Deal Multiples Report: Part II Here Multiple datasets can help convey certain aspects of why the…
The Case for Covenants (Part Four)
It’s not surprising so much fuss has been made about the proliferation of cov-lite structures in the leveraged loan market.…
Private Debt Intelligence - 6/12/2017
Private Debt Fundraising Pool Widens [wpdm_package id=’12906′] The closed-end private debt fundraising market is broadening, as more fund managers continue…









The Case for Covenants (Last of a Series)
“When things are good, people don’t pay attention to covenants, but when things go sour, covenants are their only line…