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PDI Picks – 5/30/2022
European deals buffeted by adverse backdrop Unitranche transactions in the region fell back in Q1 2022 as economic headwinds reverse the growth seen through 2021. In its latest MidCapMonitor, Houlihan Lokey recorded 103 unitranche deals in Europe during the first quarter of the year, down from 143 seen in the final quarter of 2021. Despite…
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Loan Stats at a Glance – 5/30/2022
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Private Debt Intelligence – 5/30/2022
Strong performance by Asian private debt funds Asian funds significantly lag North America and Europe in AUM despite strong performance. The median net IRR of Asian private debt funds of vintages 2012-2019 is 12.51%, beating their peers in North America (10.00%) and Europe (8.90%)…. Subscribe to Read MoreAlready a member? Log in here...
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Leveraged Loan Insight & Analysis – 5/23/2022
BDC share prices down 9.7% YTD amid market volatility The recent inflationary environment has led to volatility in the financial markets and left investors trying to determine the impact of rising input and labor costs on companies. Against this backdrop, the equity markets have moved sharply lower, with the S&P 500 down 16.8% year-to-date through…
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DL Deals: News & Analysis – 5/23/2022
Private jumbo volume reaches second biggest monthly tally Jumbo private loan volume in May stands at $8.6 billion, the second largest monthly tally on record as the market approaches Memorial Day weekend and the start of the summer session. The $8.6 billion is across three borrowers —Nielsen, NPD/Information Resources and ManTech. NPD is the largest…
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The Pulse of Private Equity – 5/23/2022
Appetite for IT remains Download PitchBook’s Report here. Despite volatility and inflationary pressures, PE remains bullish on the IT sector. That’s according to our latest analyst note, pointing out that PE activity in Q1 2022 outdid itself compared to Q4 2021, which was a blockbuster quarter for the asset class…. Subscribe to Read MoreAlready a member?
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Why ESG Matters: Private Credit
We wrap up our special series by examining how private credit integrates ESG into its various strategies. While credit managers are typically not involved in the direct management of businesses they finance, impact investing is an exception. According to a recent PDI article, private debt represents 34% of all impact investing AUM, with real assets […]
Covenant Trends – 5/23/2022
Average F&C Tranche / Pro Forma EBITDA, Based on Closing PF Leverage (L3M) (Past performance is no guarantee of future results.) Contact: Steven Miller