Chart of the Week: Slowmentum
High-yield issuance down to a crawl amid Fed’s rate uplift and recession fears.
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Middle Market Deal Terms at a Glance – September 2022
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Debtwire Middle-Market – 9/12/2022
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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Private Debt Intelligence – 9/12/2022
Private debt cements place in European investor portfolios Actual allocations to private debt have moved closer to their targets in European investor portfolios since Q2 2015, reducing the gap from 3.6% of AUM to just 1.7% in 2022, with actual allocations standing at 3.3% against a target of 5.0%…. Subscribe to Read MoreAlready a member?
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Loan Stats at a Glance – 9/12/2022
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
Leveraged Loan Insight & Analysis – 9/5/2022
US$7.6bn of new issue US CLOs priced in August US CLO new issue volume was US$7.6bn in August, down from US$11.5bn in July and down from US$19.2bn priced in August last year. Although the pace of new CLO formation slowed, total volume so far in 2022 is US$92.57bn, just 18% behind issuance over the same…
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The Great Unwind: Easy Money
“The easy money has been made; the harder money is left.” That’s how one experienced asset manager characterized the current investing market. It’s fairly typical of trading approaches after a period of low prices… ▶︎ Read Aug 15 2022 newsletter: here ▶︎ Chart of the Week: here (by StockCharts.com) (Any “forward-looking” information may include, among […]
Debtwire Middle-Market – 9/5/2022
Loan and bond investors trade short-term pain for long term-gain Source: Debtwire Par, Markit, ICE BofA US HY Index Following a short-lived summer rally in the leveraged loan and high yield bond secondary markets, prices have once again been on the downswing. Leading up to fiery comments from Fed Chairman Jerome Powell at the Jackson…
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