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…
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Last weekend, we took our eight-year-old daughter to the library to get books on her school reading list. (The “Ready, Freddy!” series, if you must know). On the way out, a mother and her two young sons preceded us. The boys ran into the automatic revolving door. “No,” she said, opening the swinging door. “Come…
Bloomberg estimates ESG assets will exceed $53 trillion globally by the 2025.
The durability of dealflow in a crisis Private debt deals may take a temporary pause when confronted with volatility, but they soon bounce back. Private debt dealflow typically picks up strongly following market shocks. This was one of the key findings as Deloitte took a look back over ten years of its Alternative Lender Deal…
Tighter lending policies in Australia spur private debt growth Stricter bank regulations and tighter lending conditions in Australia in recent years gave rise to opportunities in private debt, and the asset class witnessed its fastest growth so far, with AUM growing 144% from December 2020’s $0.6bn to $1.4bn in 2021. Mezzanine debt continued to account…
Average Total Deleveraging Required To Meet RP Ratio Test (Past performance is no guarantee of future results.) Contact: Steven Miller
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
It was almost a clean getaway. Two years since it emerged, Covid was crumbling. Vaccinations and infection immunity were finally having an effect. Hawaii became the last state to announce an end to indoor masking… ▶︎ Read Mar 14 2022 newsletter: here ▶︎ Chart of the Week: here (by Nuveen, BEA, Bloomberg) (Any “forward-looking” information […]