Private debt is the second largest contributor to private capital fundraising Private debt fund managers raised $181bn in aggregate capital, accounting for 17.2% of the over $1tn raised by all private capital funds in 2023 year-to-date (YTD)…. Subscribe to Read MoreAlready a member? Log in here...
Distribution of Accordion F&C Tranche EBITDA Grower Caps (L3M) (Past performance is no guarantee of future results.) Contact: Steven Millersmiller@covenantreview.com
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
Source: Pitchbook LCDContact: Marina Lukatskymarina.lukatsky@pitchbook.com
Churchill’s senior debt portfolio showing higher revenues and cash flows. Source: Churchill Asset Management LLC(Past performance is no guarantee of future results.)
Two economic dynamics are driving capital markets. First, GDP strength which, by many measures, remains steady if not buoyant. One of our favorite contributors is Caterpillar. Hard to think of a better representative of cyclical industrials than the Peoria, IL-based manufacturer of heavy “yellow-iron” equipment. The company reported a 12% revenue increase to $16.8 billion…
Since Labor Day we’ve spent considerable time at conferences and with investors. Nothing focuses the mind better. And what we’ve found is a disconnect between perception and reality. Take the economy. Beginning a year ago, there was a growing worry that higher rates were going to plunge the US into a recession. Anyone calling for […]
Restructurings rocket in 2023 The restructuring market has accelerated in the number of cases so far this year, with 217 processes up to the end of October. … Subscribe to Read MoreAlready a member? Log in here...