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 11 December, down from the highest YTD level of 12.1% in May) that tracks the overall performance of publicly traded business…
Source: PitchBook LCDContact: Ryan BrownRyan.Brown@pitchbook.com
Room for improvement on ESG A group of investors noted the progress made by private debt in ESG and DEI, but there is still some way to go, they believe. Private Debt Investor’s December/January issue approached European investors to get their thoughts on how ESG is dealt with by managers. Here’s a selection of their…
The futures market now expects Fed Funds to be 120 bps lower next year. Source: The Daily Shot(Past performance is no guarantee of future results.)
In the capital markets this year, it’s all been about rates and inflation: can the Fed’s higher-for-longer regime bring prices down close to pre-pandemic levels without triggering a recession? At the moment, the answer seems to be yes. Both credit investors and issuers are using private capital as a vehicle proven resilient through rate, economic,…
A quarter of megafunds Download PitchBook’s Report here. Global fundraising is on a healthy trajectory this year, according to PitchBook’s Q3 2023 Global Private Market Fundraising Report…. Subscribe to Read MoreAlready a member? Log in here...
Exposed companies in the US real-estate market Restructuring activity in the real-estate market picked up in 3Q23, with 11 companies filing for Chapter 11 bankruptcy protection, representing USD 1.55bn of outstanding debt…. Subscribe to Read MoreAlready a member? Log in here...
The confusion around differences between public and private credit dynamics has been compounded by the rapid growth of the illiquid asset class. The middle market was infrequently on investors’ radars until it began to rival broadly syndicated loans and high-yield bonds in size. At $1.5 trillion, private credit has caught up with both, and by […]
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
Fitch’s Private Middle Market Portfolio, Rating Activity Defaults in Fitch’s PMM portfolio persisted at a low level this quarter with two issuers defaulting, bringing the YTD total to 10 defaults across eight unique issuers on a portfolio including around 275 companies, although Fitch expects defaults in its PMM portfolio to increase in 2024…. Subscribe to