Fitch’s Privately Monitored Middle Market Portfolio Overview, 1Q24 Download FitchRating’s Report here. In the charts above, Fitch presents aggregate data for MM companies, defined as in the area of $500 million of debt or $100 million of EBITDA or below, that it privately rates for asset managers…. Login to Read More...
Download PitchBook’s Report here. PE healthcare services investing continued to stagnate in Q1 2024. PE sponsors announced or closed an estimated 158 deals in the quarter, a downward trend even from 2023’s sluggish pace…. Login to Read More...
Global SLL issuance is down 5% year over year at less than US$190bn Having reached a high of over US$617bn globally in 2021, sustainable loan issuance has tapered off in the last two years…. Login to Read More...
Europe’s hot topics This week, we reflect on a few of the talking points from PDI’s recent Europe Summit 2024 in London. Are favoured sectors still good value?One panellist said the gradual retreat of covid brought with it the end of the honeymoon period for technology and life sciences, two sectors that had previously exploded…
Source: PitchBook LCDContact: Ryan BrownRyan.Brown@pitchbook.com
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 10.5% as of 10 May, down from the highest level in last 12 months of 12.1% in May 2023) that tracks the overall performance…
Since the Fed’s rate hike regime began, more bankruptcies are reorganizations. Source: Torsten Slok – Apollo, The Daily Shot(Past performance is no guarantee of future results.)
We’ve spent the last six weeks outlining best practices top direct lenders employ so portfolios generate the highest returns complemented by the lowest risk. Nevertheless, stuff happens. In fact, we count on stuff happening. You need to be prepared to deal with those eventualities. In a recent conversation, our head of workout, Brent Chase offered…
Why is portfolio construction such an important concept for analyzing private credit managers? The answer seems obvious, but it’s more than ensuring defaults and loses are minimized. Less tangible, but a huge issue today, is employee retention. It’s not just having the right team going into an investment that matters. It’s making sure you keep […]
Drowning in debt: TMT sector braces for wave of Chapter 11 filings Since 1Q23, the number of bankruptcy applications from TMT firms has been relatively moderate. However, according to Likely-To-Distress (LTD) rankings powered by Debtwire’s NextGen data, there are currently 23 companies in distress and some 57 more in the stressed universe, all facing issues with liquidity,…