TheLeadLeft

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…

Debtwire Middle-Market – 4/11/2022

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…

Private Debt Intelligence - 4/11/2022

Private debt grows as capital flows in Private debt has emerged over the past decade as an attractive asset class for investors and form of finance for companies. Private debt has higher yields than comparable instruments, a shorter duration than some other alternative asset classes, while the prevalence of floating rate structures gives investors some…

PDI Picks – 4/11/2022

Testing times for leveraged loans Market conditions have been described as a ‘perfect storm’ as various pressures increase. Is something about to give in the financial markets? And if so, how would that affect leveraged loans? It would not be a stretch to be concerned about such a possibility, given recent geopolitical and capital markets…