Loan Stats at a Glance – 8/15/2022
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
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Leveraged Loan Insight & Analysis – 8/8/2022
BDC loan valuations shift lower in recent filings The fair value of BDC debt investments declined in 2Q22, driven by credit spread widening across the broader markets as volatility spiked against a backdrop of inflationary pressures and recession fears. Looking at the cohort of 56 BDCs that have posted earnings as of August 10, the…
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Welcome to the Precession!
News reached us last week of the demise of the Choco Taco. Or maybe not. Cousin to the Klondike Bar, this chocolate-nut-waffle-taco-vanilla-fudge-ice-cream novelty seemed to be yet another victim of supply-chain issues… ▶︎ Read Aug 1 2022 newsletter: here ▶︎ Chart of the Week: here (by U.S. Bureau of Economic Analysisrence Board, Bloomberg) (Any “forward-looking” […]
The Pulse of Private Equity – 8/8/2022
Midyear grading Download PitchBook’s Report here. Every December, PitchBook makes a slew of predictions about industry trends in the upcoming year. That’s been a tricky gambit since 2019. In successive years, the industry has navigated a global pandemic, a skyscraper of a recovery, and a slowdown driven by unavoidable macro trends. Last December, the prevailing mood…
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LevFin Insights: High-Yield Bond Statistics – 8/8/2022
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Debtwire Middle-Market – 8/8/2022
Leveraged loan and high yield bond secondary prices move up from recent lows Source: Debtwire Par, Markit, ICE BofA US HY Index To open the year, loans were bid at an average price of 97.78, with approximately 20% of loans bid in the par-plus range. As inflation numbers started coming in hot, and as the…
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Middle Market Deal Terms at a Glance – August 2022
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Private Debt Intelligence – 8/8/2022
Private debt fundraising in North America on track for record The number of private debt funds in North America has yet to reach pandemic or pre-pandemic levels, but the trend of mega funds continues. In 2022 year to date, 55 private debt funds closed in North America. Even if that number doubles in the next…
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