TheLeadLeft
Covenant Trends – 4/25/2022
Flex Trends: Pricing (% of all Flexes that Decrease All-in Spread) and Covenants (% with Zero Doc Score Flex) (Past performance is no guarantee of future results.) Contact: Steven Miller
Private Debt Intelligence – 4/25/2022
Investor outlook on private debt strategies shifts towards direct lending Direct lending is investors’ favoured private debt strategy in 2022, taking over from distressed debt, according to Preqin’s annual Investor Survey. Almost half of investors see direct lending as presenting the best opportunities in 2022, in contrast to last year, where it was selected after…
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PDI Picks – 4/25/2022
Eyes turn to Asia-Pacific The region is attracting increasing interest (see chart), which extends beyond mainstream strategies to more niche areas. Europe is the place to avoid. That was the view of longstanding limited partner Tom Tull as he said that global turbulence marked a good time to carefully evaluate the weighting of geographic exposures….
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Why ESG Matters (Fifth of a Series)
Now we come to the G in ESG. Governance’s link to environmental and social goals was cemented by the sub-prime debacle and resulting GFC. Corporate malfeasance and lack of transparency propelled the need to identify future responsible ESG parties and enforcement. The challenge, as one expert told us, is while governing considerations are most in…
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Chart of the Week: Citizens for Action
Job creation, fair pay, and stakeholder accountability are top demands of companies today.
Loan Stats at a Glance – 4/25/2022
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Leveraged Loan Insight & Analysis – 4/18/2022
BDC origination activity expected to decline in 2022 but remain robust After a record setting 2021 and a slower start to 2022, BDC origination activity is expected to decline this year, according to the recent Refinitiv LPC BDC Outlook Survey. Based on responses from a cross section of BDC managers, direct lenders, research analysts and…
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The Pulse of Private Equity – 4/18/2022
A break from buyouts Download PitchBook’s Report here. Last week we covered a decently strong Q1, at least from a dollar perspective. But PitchBook’s Q1 US PE Breakdown Report showed a steep decline in deal flow, falling 30% QoQ to 2,166 transactions. That’s not a low number except in relation to the last few quarters. Except…
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