LevFin Insights: High-Yield Bond Statistics – 1/30/2023
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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Private Debt Intelligence – 1/30/2023
Direct lending tops North America fundraising in 2022 As expected, North America was the most sought-after region for private debt in 2022, with $135.2bn raised by funds focused on that market. This is more than double Europe’s $62.1bn and over 12 times Asia’s $11.2bn…. Subscribe to Read MoreAlready a member? Log in here...
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Leveraged Loan Insight & Analysis – 1/30/2023
US LBO loan vol. (US$bn) and direct lending share of total Last year, when heightened volatility caused US syndicated LBO loan volume to retrench, the private credit space helped soak up some of the demand. US direct lending LBO volume totaled US$92.8bn in 2022, comprising a 45% share of overall US LBO loan volume, an…
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Loan Stats at a Glance – 1/30/2023
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
PDI Picks – 1/30/2023
LPs: over-allocated but still optimistic Our Perspectives 2023 study reveals some practical issues for investors but a determination to continue committing to private debt due to its strong performance. As we head through the early months of 2023, some 18 percent of limited partners currently describe themselves as over-allocated to private debt…. Subscribe to Read
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M&A Outlook for 2023 (Last of a Series)
After a deep-dive into the various elements of the M&A market last year, our panel of five top bankers told 650 registrants of our exclusive Lead Left Presents webinar that conditions for 2023 are beginning with “wait and see.” “We’re having daily conversations with clients about how long to wait,” one reported. ”What won’t change…
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Chart of the Week: Hire Plateaus
Small and mid-sized businesses generate most of US job creation.
Debtwire Middle-Market – 1/23/2023
Source: Cliffwater Direct Lending Index and BofA Merrill Lynch US High Yield Effective Yield The red line in the chart is the *Cliffwater Direct Lending Index (CDLI) current yield, which is based on the investment income of the underlying assets held by public and private BDCs. BDCs invest in middle market companies, and the Index…
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Leveraged Loan Insight & Analysis – 1/23/2023
There was 4.1x more MM LBO volume in the direct lending market vs. syndicated market in 2022 With very challenging conditions in the syndicated loan market, more and more sponsors turned to the direct lending market for funds in 2022. Even in the fourth quarter, when direct lending contracted, the ratio of direct to syndicated…
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