TheLeadLeft

Leveraged Loan Insight & Analysis - 4/11/2022

Equity multiples increased to 6.6x on US LBO deals in 1Q22 US LBO volume topped off at US$38.8bn in 1Q22, the lowest level since 1Q21 but good enough to be the twelfth highest quarterly level all time. One theme that pushed volume higher was larger LBO loan sizes.  Three over-US$5bn LBO loan packages closed in…

ESG: Origins & Definitions

Last week we took our eight-year daughter to the library to stock up on books from her reading list. (The Today’s ESG river had many tributaries. From Mosaic law in 1500 BC and the Koran, to 18th century England, to the 20th century’s socially responsible investing, or SRI, all have joined doing business with doing […]

The Pulse of Private Equity – 4/11/2022

First quarter numbers Download PitchBook’s Report here. PitchBook’s Q1 US PE Breakdown Report is out. The first quarter saw an estimated $330.8 billion invested, a strong showing and the third highest quarter we’ve calculated. It’s not quite as high as the back half of last year, which saw $372.3 billion invested in Q3 and a record…

Why ESG Matters (Third of a Series)

Besides historic influences, climate change, diversity, equity and inclusion, and corporate accountability are now the lenses through which investors are assessing managers’ ability to understand the associated risks and opportunities for every investment decision. Despite the politics of climate change, the burden of scientific evidence and “rapid degradation of biodiversity and rise in extreme weather…