Chart of the Week: Stepping Down
A confluence of factors, including slumping China imports, are slowing South Korean growth.
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PDI Picks – 5/22/2023
When the going gets tough Those present at the PDI Europe Summit heard how Europe is catching up the US when it comes to distressed opportunities. Despite the denominator effect, more investor capital is expected to pour into distressed and special situation-focused GPs’ coffers this year (see chart). No wonder the room was packed as…
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Loan Stats at a Glance – 5/22/2023
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
Middle Market Deal Terms at a Glance – May 2023
Source: SPP Capital Partners Contact: Stefan Shaffer sshaffer@sppcapital.com
LevFin Insights: High-Yield Bond Statistics – 5/15/2023
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Debtwire Middle-Market – 5/15/2023
Source: VanEck BDC Income ETF and BofA Merrill Lynch US High Yield Effective Yield The red line in the chart is the current dividend yield of the *VanEck BDC Income ETF (BIZD) that tracks the overall performance of publicly traded business development companies (BDCs, lenders to privately held middle-market businesses that tend to be below…
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Leveraged Loan Insight & Analysis – 5/15/2023
B-rated yield premium widens for US issuers in 2Q23 Primary loan yields in the US institutional loan market have widened slightly this quarter. However, when looking across issuer ratings, riskier credits have seen a bigger increase. At an average of 8.32% so far this quarter, the average primary yield on first-lien institutional term loans… Subscribe
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The Pulse of Private Equity – 5/15/2023
US PE dry powder down Download PitchBook’s Report here. As much dry powder is floating around the PE market, the mountain is shrinking at the moment. According to PitchBook’s Q1 2023 US PE Breakdown, unspent capital accounts for less than 30% of total PE AUM. It’s the first time in two decades where that metric has…
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Letter from Down Under (First of Two Parts)
In our continuing series on global private credit, we next cover the history and outlook for the asset class in Australia. In a visit to Melbourne and Sydney last week, we met with a number of clients and firms with exposure, appetite, or interest in private debt… ▶︎ Read May 8 2023 newsletter: here ▶︎ […]