Chart of the Week: Honey, I Shrunk the Fed
Quantitative tightening is expected to reduce the Fed’s balance sheet by $2 trillion.
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PDI Picks – 8/8/2022
Fundraising hits a new low Raising capital in the first half of this year was even tougher than at the height of the pandemic, but fund sizes are at all-time highs. First-half fundraising among private debt funds in 2022 is the lowest it has been in our sample at $91.9 billion, even slightly lower than…
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Loan Stats at a Glance – 8/8/2022
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
The Great Unwind: A New Era?
Oscar Wilde once wrote, “When the gods wants to punish you, they answer your prayers.” Risk assets like high-yield bonds have enjoyed a Fed back-stop. Issuers pounced on record low coupons, and investors suffered through low returns… ▶︎ Read July 25 2022 newsletter: here ▶︎ Chart of the Week: here (by Nuveen, The Conference Board, […]
Debtwire Middle-Market – 8/1/2022
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 – 8/1/2022
The healthcare sector led sponsored MM lending in 1H22 Overall sponsored middle market lending activity (comprised of both direct lending and syndicated volume) was robust again in 2Q22, climbing 42% to US$44bn. The healthcare, business services and technology sectors remained in the top 3 spots in the most recent quarter, cementing their lead in the…
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The Pulse of Private Equity – 8/1/2022
Healthy deal flow for take-privates Download PitchBook’s Report here. 2022 is shaping up for a healthy year for take-privates, according to PitchBook’s latest US PE Breakdown. Almost $60 billion worth of transactions closed in H1, which is already past 2020 totals. And there have been relatively few of them, too. Just 18 so far this year,…
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LevFin Insights: High-Yield Bond Statistics – 8/1/2022
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
