LevFin Insights: High-Yield Bond Statistics – 4/17/2023
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
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Covenant Trends – 4/17/2023
Percentage of Deals with 75+ bps MFN (Past performance is no guarantee of future results.) Contact: Steven Miller
Leveraged Loan Insight & Analysis – 4/17/2023
US sponsored middle market direct lending volume retrenched in 1Q23 Last quarter, there was US$12.5bn of US sponsored middle market direct lending volume. This was 49% lower quarter-over-quarter, 45% lower year-over-year, and the lowest level since 2Q20. The 204 deals across both the syndicated and direct sponsored middle markets in 1Q23… Subscribe to Read MoreAlready
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The Pulse of Private Equity – 4/17/2023
Very few exits in Q1 Download PitchBook’s Report here. PE exits were historically slow in Q1, according to PitchBook’s Q1 2023 US PE Breakdown. All exit ramps—corporate acquisitions, IPOs and secondary buyouts—were down significantly. SBO activity has been in a teeter totter pattern since Covid. Q4 2021 saw 318 SBOs—the most ever recorded—but was bookended by…
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Asia’s Private Markets: Challenges and Opportunities in Private Credit
In our second visit to Asia this month, we again found both variety and vitality of interest among managers and investors in private markets. Two stellar industry conferences in Singapore, the PDI’s APAC Forum and Asian Private Banker’s Alternatives in Focus… ▶︎ Read Apr 3 2023 newsletter: here ▶︎ Chart of the Week: here (by […]
Private Debt Intelligence – 4/10/2023
Distressed debt funds find opportunities in North America The amount of dry powder available for distressed debt in North America has returned to pre-pandemic levels. Dry powder in the strategy dropped to $67.2bn as of September 2022, down from $71.5bn in 2021. The proportion of available capital to unrealized value has declined from 42% of…
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Leveraged Loan Insight & Analysis – 4/10/2023
US institutional volume wanes in wake of bank failures US institutional loan volume has waned after the failures of Silicon Valley Bank, Signature Bank and Credit Suisse rattled financial markets last month. Prior to that, institutional volume was on the rise, peaking during the week of February 27… Subscribe to Read MoreAlready a member? Log
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The Pulse of Private Equity – 4/10/2023
Q1: A mixed verdict Download PitchBook’s Report here. 2023 started with mixed results. According to PitchBook’s just-released Q1 2023 US PE Breakdown, deal flow slid 9% while deal value rose about 11%. Both figures are ahead of pre-Covid levels, but post-Covid trends continue to decline…. Subscribe to Read MoreAlready a member? Log in here...
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