TheLeadLeft
Private Debt Intelligence – 9/26/2022
More APAC investors commit to PD, highest increase in ASEAN Tighter bank lending conditions are leading to increased demand for capital from companies, allowing APAC’s nascent private debt market to expand. APAC-based private debt AUM stands at $78bn as of December 2021 and has grown at an average rate of 29% over the past five…
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Private Credit in an Age of Scarcity (Third of a Series)
In a world where cash is either being withdrawn systemically through quantitative tightening or selectively by investor caution, capital formation is being challenged. Public capital utilization is governed by fast cash, so when money flows out of retail funds at the pace it has, it’s a headwind to deal activity. Private capital has long-term, locked-up…
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Chart of the Week: Hurricane Fed
The Fed’s battle against inflation has roiled all equity and fixed income markets.
Special Report: The Great Unwind
Beginning in July 2022 The Lead Left published a series of articles on credit market. This report consolidates those articles.
PDI Picks – 9/26/2022
Europe ‘resilient in times of volatility’ The region is facing an array of headwinds but dealflow held up strongly in the first half of the year. When you consider all the macroeconomic challenges facing Europe, the fact that the private debt market posted double-digit deal growth in the second quarter of this year is a…
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Loan Stats at a Glance – 9/26/2022
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
Private Capital in an Age of Scarcity
For over a decade, the tide of capital has flowed mostly in one direction: into markets. That’s because since the Great Recession the Fed has kept interest rates low. Public credit, both loans and bonds, benefited from this support… ▶︎ Read Sept 12 2022 newsletter: here ▶︎ Chart of the Week: here (by Leveraged Commentary […]
Leveraged Loan Insight & Analysis – 9/19/2022
Unitranche minimum spread threshold shifts higher While volatility led to a significant increase in pricing in the broadly syndicated institutional loan market early in the year, it took longer to have an effect in the direct lending space. For unitranches, the average blended spread in 2Q22 was flat relative to 1Q22 at 596bp. However, direct…
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