TheLeadLeft

Four for ’24 (Last of a Series)

Published by on

In the absence of fully functioning public markets during the Fed’s intense anti-inflation campaign, liquidity was drained, not just from the economy but from bank reserves, trading desks, CLO formation and retail fund flows. Of course, this was in addition to the decades-long effort by regulators to discourage banks from holding leveraged loans on their…

Subscribe to Read More
Already a member? Log in here
PDI Picks – 1/29/2024

Published by on

Life after the fundraising slump All private markets, including private credit, experienced a tough 12 months on the fundraising trail in 2023. Hopes are higher for the year ahead. The fundraising figures are in for full-year 2023 and they reveal a drop in global private credit capital accumulation to just $219 billion, the lowest amount…

Subscribe to Read More
Already a member? Log in here
Middle Market & Private Credit – 1/22/2024

Published by on

European and US LevFin Default Rates Will Continue to Rise in 2024 Leveraged finance default rates increased in 2023 in Europe and the US and will continue to rise in 2024 due to high interest cost burdens and macroeconomic pressure. Both the European and US leveraged finance sector outlooks remain deteriorating…. Subscribe to Read MoreAlready

Subscribe to Read More
Already a member? Log in here
Debtwire Middle-Market – 1/22/2024

Published by on

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 10.7% as of 22 January, down from the highest level in last 12 months of 12.1% in May 2023) that tracks the overall performance…

Subscribe to Read More
Already a member? Log in here