High-yield bond primary issuance returns in June after vanishing in May Source: Markit, BofA US HY Index As equity markets plunged into free-fall at the start of May, high-yield (HY) bond issuance came to a shuddering halt. The whirlwind of macroeconomic headwinds buffeting financial markets appeared set to remain, causing panic among investors. With inflation…
As the oldest living person on Earth until her passing last month, #KaneTanaka was born a year before the Wright Brothers’ historic first flight at Kitty Hawk. Her secret to a long life? “Being myself.”… ▶︎ Read JUNE 6 2022 newsletter: here ▶︎ Chart of the Week: here (by Bloomberg, UBS (courtesy The Daily Shot)) […]
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
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…
While the Fed may push rates up to 3%, that’s nowhere near historic highs.
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…
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