TheLeadLeft
Private Debt Intelligence – 10/17/2022
Direct lending funds in Europe enjoy post-pandemic boom The number of direct lending funds has hit a new record. Europe-based managers have launched 80 funds so far in 2022, almost double the full-year figure for 2021, when 42 funds were raised. Whilst fund managers have been successful across a range of direct lending strategies, the…
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Covenant Trends – 10/17/2022
Share of New-Issue Institutional Loans with a Pick-Your-Poison Provision by Quarter, PE-Backed vs. All (Past performance is no guarantee of future results.) Contact: Steven Miller
PDI Picks – 10/17/2022
Caution and sense of opportunity among Europe’s LPs At our recent PDI Europe Summit, investors were considered hesitant to commit new capital but recognised good deals are there to be done. Fundraising has been something of a struggle for Europe’s GPs, as indicated by the chart above. However, there was a sense at a recent…
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Of Rates and Recessions (Second of a Series)
The Lead Left’s exclusive Lead Left webinar, ”Of Rates and Recessions: What’s Ahead for the Economy,“ aired yesterday with over 400 attendees. We will dedicate space next week summarizing the views of our three expert economists. In the meantime, let’s position that conversation with a review of the state of our economic affairs as it…
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Chart of the Week: Passing the Baton
Inflation has been squeezed out of goods, but services are carrying the ball.
Loan Stats at a Glance – 10/17/2022
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
Private Credit Trends So Far
The world is changing from one where risk-taking was rewarded, to one where it is punished if not appropriately managed. Can you be rewarded while managing today’s level of greater risk? The Fed’s withdrawal of capital and rate hikes plus liquid credit dislocation has opened a window of opportunity… ▶︎ Read Oct 3 2022 newsletter: […]
DL Deals: News & Analysis – 10/10/2022
KBRA DLD records $39B for 3Q22 volume, tops BSL & HY combined Direct lending volume topped output for liquid credit in the third quarter for the first time since KBRA DLD started tracking this data in January 2021. New issuance for US sponsored direct lending finished at $39 billion, nudging ahead of the $38 billion…
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