LevFin Insights: High-Yield Bond Statistics – 11/14/2022
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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Debtwire Middle-Market – 11/14/2022
Leveraged borrowers jump at the opportunity to access debt capital amid market upturn Source: Debtwire Par, Markit Investors in the leveraged loan and high-yield bond markets rejoiced following a better-than-expected inflation reading last week that sent equity markets soaring. On Thursday (10 November) the US Bureau of Labor Statistics reported that core inflation slowed to…
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The Pulse of Private Equity – 11/14/2022
A good year for carveouts Download PitchBook’s Report here. PE-led carveouts are having a good year, according to PitchBook’s Q3 US PE Breakdown. A healthy fourth quarter will bring 2022 in line with prior years, despite the sluggish market overall. Corporate America continues to struggle in this inflationary environment, creating opportunities to shed noncore assets to…
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Leveraged Loan Insight & Analysis – 11/14/2022
Direct lenders grab a larger share of large corporate volume As the US leveraged loan market continued to slow amidst wider market volatility in 3Q22, direct lenders stepped in, taking a greater share of large corporate leveraged loans. Private credit to US large corporate borrowers, those with revenues or loan sizes US$500m or higher, amassed…
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Private Credit – Why Now? (Second of a Series)
Last Tuesday the winner of the largest Powerball jackpot winner in history – $2.04 billion – was announced (but not yet identified) by the California Lottery. A gas station in Altadena, just north of Pasadena, sold the ticket (10-33-41-47-56). The lucky recipient can elect a lump sum of $1 billion or be paid in installments…
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Chart of the Week: No Bond Bails
Since 1878 the worst stock market declines were helped by fixed income. Not now.
Private Debt Intelligence – 11/14/2022
APAC investors pile into private debt Private debt is fast emerging as an asset class for APAC investors, as evidenced by an average annual 30% growth in the number of investors in the asset class over the past five years. The largest investors in the asset class are from Australia, led by superannuation fund AustralianSuper,…
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PDI Picks – 11/14/2022
Mixed signals for private markets A couple of surveys imply contrasting views on the attractiveness or otherwise of private asset classes. Family offices are strongly favouring private markets over public markets, according to a survey from Moonfare, a digital private equity platform, and Global Partnership of Family Offices, a UK-based association…. Subscribe to Read MoreAlready
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