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Debtwire Middle-Market – 10/10/2022

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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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Of Rates and Recessions (First of a Series)

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One of many challenges of the investing climate is reading the economic signs. Is inflation coming down or going up? Is the labor market strengthening or weakening? Are we in a recession or just slow growth? Last Friday’s job report was a case in point. Job openings dropped dramatically by 1.1 million, the lowest level…

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Private Debt Intelligence - 10/10/2022

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Mezzanine fundraising in North America hits 12 month high Mezzanine fundraising activity in North America reaches a 12-month peak with $19bn raised in Q3 2022. Mezzanine finance is junior debt, often with warrants attached that allow investors to share in the upside. Since Q1 2021, aggregate capital raised for mezzanine funds in North America has…

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PDI Picks – 10/10/2022

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Europe’s private markets step into the gap Dealflow was strong in the first half as the refinancing trend gathered pace. Despite unprecedented macroeconomic uncertainty, private credit funds in Europe enjoyed the busiest Q2 on record this year as they executed 216 deals, compared with 154 in the same period of 2021…. Subscribe to Read MoreAlready

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