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A Loan for All Seasons (Last of a Series)

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Both veterans and newcomers to the asset class are familiar with the basics of private debt benefits. Thanks to its premium yield over liquid credit and consistent returns across economic, rate, and market cycles, investors have moved briskly into non-traded credit since the GFC. Still, as we’ve seen and heard on several continents and at…

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Covenant Trends - 6/26/2023

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Percentage of Loans that Allow Uncapped Synergies & Cost Savings EBITDA Adjustments, Sponsored v Non-Sponsored (LTM) (Past performance is no guarantee of future results.) Contact: Steven Miller

The Pulse of Private Equity – 6/26/2023

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MM fundraising is having its moment Download PitchBook’s Report here. Middle-market fundraising is having a moment in the sun. PitchBook’s latest US PE Middle Market Report recorded $49.9 billion raised in MM strategies in Q1, up 70% from Q1 2022. A historical look at fundraising seasonality bodes well for the middle market. Over the past decade,…

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A Loan for All Seasons (Second of a Series)

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A frequent question from investors and others is, “When is a good time to invest in private credit?” What they mean is, “Is now a good time to invest in private credit?” Readers of this column know one of our consistent themes is private credit is not a timing thing… ▶︎ Read June 19 2023 […]