LevFin Insights: High-Yield Bond Statistics – 6/13/2022
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
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Middle Market Deal Terms at a Glance – June 2022
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Why Portfolio Construction Matters (First of a Series)
What makes for successful portfolio construction in private credit? That was one of the questions panelists addressed at the Private Credit Investor Summit last week. The issue carries more urgency amid current public market turmoil. Equities tumbled this week after a worse-than-expected May CPI report. Besides the number itself (8.6%), highest in four decades, the…
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Chart of the Week: “Been Down So Long…”
While the Fed may push rates up to 3%, that’s nowhere near historic highs.
Private Debt Intelligence – 6/13/2022
Direct lending funds closing above targets Direct lending funds continue to attract investors, with the average percentage of target size at final close increasing dramatically from 108% in 2019 to 145% YTD 2022. However, the average time taken to raise a fund has also increased, from 21 months in 2019 to a record high of…
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Covenant Trends – 6/13/2022
Percentage of Loans that Cleared with the Least Protective Documentation Scores (5/5+/4-) Monthly (Past performance is no guarantee of future results.) Contact: Steven Miller
PDI Picks – 6/13/2022
Business services: reliability amid volatility ‘Safe and steady’ is a tag that might be readily applied to the sector, and that’s just fine as far as investors are concerned. Alongside technology and healthcare, business services has emerged as a go-to sector for credit funders attracted by its reliable cashflows and sticky customer relationships. But unlike…
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Loan Stats at a Glance – 6/13/2022
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com