Loan Stats at a Glance – 7/4/2022
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
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DL Deals: News & Analysis – 6/27/2022
Jumbo volume in 1H 2022 reaches $30.8 billion to bring total tally to $86.5B Volume in the first half of 2022 for private loans sized at $1 billion or more has reached $30.8 billion, a level that dwarfs the $9.5 billion recorded in the same period last year, according to Direct Lending Deals. On a…
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Leveraged Loan Insight & Analysis – 6/27/2022
What level will perpetual-life BDCs AUM reach by year-end 2022? Perpetual-life BDCs, though few in number, have accounted for the bulk of growth in BDC assets under management (AUM) this year. AUM in perpetual-life funds amounted to around US$55bn at the end of April, up from US$34bn at the end 2021…. Subscribe to Read MoreAlready
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Portfolio Construction: Best in Breed
“What’s the key portfolio strategy managers should employ for success?” “Diversify!” That’s how one top PM answered our question. There are many levels and measures of diversity. You don’t want to be stuck with large exposures in any one industry, no matter how resilient it may seem… ▶︎ Read June 20 2022 newsletter: here ▶︎ […]
Covenant Trends – 6/27/2022
Distribution of Accordion F&C Tranche EBITDA Grower Caps (L3M) (Past performance is no guarantee of future results.) Contact: Steven Miller
LevFin Insights: High-Yield Bond Statistics – 6/27/2022
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 – 6/27/2022
Borrowing costs for high-yield issuers ease from May highs Source: Markit, BofA US HY Index As the market for high yield bonds briefly opened back up in June in tandem with a short-lived rally in the equity markets, pricing has in turn fallen from its recent highs. Primary market picing spiked in May, largely because…
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Private Debt Intelligence – 6/27/2022
Direct lending funds increasing in size Direct lending has seen strong fundraising momentum over the past decade, with funds of vintage year 2021 raising aggregate capital of $113.2bn, compared to those with vintage year 2011, which raised $8.2bn. With this, the number of direct lending funds greater than $1bn in size has also increased substantially….
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