Content hub
Explore private capital market trends, in-depth research from leading industry partners, expert interviews, live webinars, and educational videos — all in one place.
Featured Article
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.
Primary leveraged yields tighten in May
After widening in April, average yields have tightened in May, but are still above their March level. The average yield,…
Lead Left Interview - Chris Ullman
This week we chat with Chris Ullman, Managing Director and Director of Global Communications at The Carlyle Group. Prior to…
PE’s historical performance still allures in a market plagued by uncertainty
View PitchBook’s 2017 Global PE & VC Fund Benchmarking Report: Part II Here Comparing the returns of different strategies is…
Private Debt Intelligence - 5/29/2017
The UK vs Europe: Private Debt Fundraising [wpdm_package id=’12708′] Europe-focused fundraising has typically been driven by vehicles based in the…
No Match
While quarterly cov-lite volume is on the rise, it’s still a far cry from the heady days of 2014.
Covenant Trends - Percentage of Loans with an MFN Sunset
Contact: Steven Miller smiller@covenantreview
Loan Stats at a Glance - 5/29/2017
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Private Debt Intelligence - 5/22/2017
US Direct Lending Funds Approach $100bn in AUM [wpdm_package id=’12634′] The direct lending market in the US has been growing…
Middle market lenders struggling to find yield in 2Q17
Middle market lenders with a minimum spread requirement of 500bp and above are most likely struggling to find assets in…
The Case for Covenants (Part One)
It’s a fact of life in leveraged lending that terms are market-driven. During periods of excess liquidity – when loan…
Lead Left Interview - David Brackett (Part 2)
This week we continue our conversation with David Brackett, Managing Partner and Co-CEO, Antares Capital. Founded in 1996, Antares is…
The Pulse of Private Equity - 5/22/2017
Finishing strong View PitchBook’s 2017 Global PE & VC Fund Benchmarking Report: Part II Here In the prior installment of…
Lite-ing Up
The share of cov-lite middle market leveraged loans is growing relative to larger loans; May’s number is over 60%.
Covenant Trends - Percentage of Deals with F&C Tranche / PF EBITDA >0.9x
Contact: Steven Miller smiller@covenantreview







The Case for Covenants (Part Two)
An astute Lead Left reader appreciated the first part of our special series on covenants. He alerted us to a…