Loan Stats at a Glance – 3/11/2024
Source: PitchBook LCDContact: Ryan BrownRyan.Brown@pitchbook.com
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How to Stop Worrying About the Maturity Wall (Second of a Series)
As we discussed last week, the maturity walls don’t sit still either. They act like sand waves marching towards the beach, propelled by the tidal forces of refinanced loans. What looks like imposing cliffs, eventually smooth out over time, eroded by the steady flow of capital into leveraged lending. We predict that the dynamics driving […]
KBRA Direct Lending Deals: News & Analysis – 3/4/2024
TTM Default Volume, Count (Past performance is no guarantee of future results.) Contact: Eric Rosenthaleric.rosenthal@kbra.com
LevFin Insights: High-Yield Bond Statistics – 3/4/2024
Launched Volume Source: LevFin Insights New-issue Yields Source: LevFin Insights Weekly Fund Flows Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenbergrobert.polenberg@levfininsights.com
Covenant Trends – 3/4/2024
Average Minimum Day-One Capped Basket Capacity, YoY (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
Middle Market & Private Credit – 3/4/2024
Median Leverage and Coverage Fitch’s privately covered MM portfolio is comprised of generally smaller issuers (with average EBITDA of $55 million, average revenue of $296 million and average debt of $322 million). The portfolio is comprised of issuers in the b+* to c* range (asterisk denotes Credit Opinion)…. Subscribe to Read MoreAlready a member? Log
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The Pulse of Private Equity – 3/4/2024
Share of PE capital raised by size bucket Download PitchBook’s Report here. By count, middle-market funds (between $100 million and $5 billion) accounted for 62.7% of PE fundraising, the highest percentage since 2008. In particular, we saw growth within the $500 million to $1 billion fund bucket, which grew from 82 new funds in 2022 to…
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Leveraged Loan Insight & Analysis – 3/4/2024
US private debt fundraising reaches US$33bn so far this quarter Private debt fundraising has continued at a consistent pace so far in 2024. LSEG LPC has tracked over US$33bn in US direct lending middle market capital raised this quarter. That number includes US$7.2bn of middle market CLO new issuance in January and February…. Subscribe to
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PDI Picks – 3/4/2024
Co-investment comes to the fore More than 40 percent of investors are now looking at co-investments in private credit – representing a big increase in appetite. After many years of discussion, LPs are finally starting to benefit from co-investment opportunities in private credit. According to Private Debt Investor’s LP Perspectives 2024 study, more than four…
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Debtwire Middle-Market – 3/4/2024
Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 10.8% as of 1 March, down from the highest level in last 12 months of 12.1% in May 2023) that tracks the overall performance…
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