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The Pulse of Private Equity – 5/9/2022

Software chugging along Download PitchBook’s Report here. One sector that never really slowed is software. PE activity reached new heights last year, with almost $170 billion invested across more than 1,000 transactions. Combined value was 78% higher YoY, while deal flow jumped by 49%, according to PitchBook’s Q1 US PE Breakdown Report…. Subscribe to Read MoreAlready

Why ESG Matters: Reporting and Disclosure

So far in this special series we’ve outlined the history of the ESG movement, its complexities and challenges, and current themes in climate and social change, and governance. Compelling dynamics are behind ESG, but organizing or regulating it goes beyond borders and jurisdictions… ▶︎ Read May 2 2022 newsletter: here ▶︎ Chart of the Week: […]

Covenant Trends - 5/9/2022

Average EBITDA Adjustment Cap for Synergies & Cost Savings (Past performance is no guarantee of future results.) Contact: Steven Miller

Debtwire Middle-Market – 5/9/2022

Source: Cliffwater Direct Lending Index and BofA Merrill Lynch US High Yield Effective Yield The red line in the chart is the *Cliffwater Direct Lending Index (CDLI) current yield, which is based on the investment income of the underlying assets held by public and private BDCs. BDCs invest in middle market companies, and the Index…

Why ESG Matters (Seventh of a Series)

Now that we’ve established the broad sweep of ESG’s domain as well as the challenges of reporting and disclosure, let’s take a look at how it gets implemented across various asset classes. Traditionally ESG resided in public equities given shareholder’s theoretical ability to change corporate behavior. As we saw in our earlier study of the…