Daily Analytic: US downward price flexes continue in 2Q24 After a record first quarter, the number of downward price flexes on first-lien institutional loans continues to be strong through early May…. Login to Read More...
Direct lending dominates first quarter fundraising Demand for direct lending strategies has increased consistently over the past 15 years, as private credit has evolved from niche products such as mezzanine and distressed debt to a mainstream source of finance for deals and companies…. Login to Read More...
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
TTM Default Volume, Count (Past performance is no guarantee of future results.) Contact: Eric Rosenthaleric.rosenthal@kbra.com
Fitch’s Privately Monitored Middle Market Portfolio Overview, 1Q24 Download FitchRating’s Report here. In the chart 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. It was another stellar quarter for floating-rate loans to private company borrowers, which represent the bulk of private debt fund holdings. A good proxy for how these loans performed, the US Morningstar LSTA Index gained 2.5% in Q1 2024…. Login to Read More...
Distribution of Accordion F&C Tranche EBITDA Grower Caps (L3M) (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
Source: PitchBook LCDContact: Ryan BrownRyan.Brown@pitchbook.com
Global private fund returns of capital has begun to improve since early 2023. Source: MSCI – Private Assets in Focus(Past performance is no guarantee of future results.)
No one loves physicals. The battery of tests, poking and prodding, with routine check-ups are low on our bucket list. We therefore approached last month’s visit to the cardiologist with trepidation. Things got interesting when he spotted on the MRI what appeared to be a widening of the aorta: “Aneurysm.” A hasty Google search uncovered…