TheLeadLeft
The Pulse of Private Equity – 2/14/2022
“Too much capital chasing too few deals”? Download PitchBook’s Report here. “Too much capital chasing too few deals” is a common refrain in the direct lending market. Is it true? It doesn’t appear to be, according to PitchBook’s Annual Global Private Debt Report. Globally, the direct lending market has about 2.5 years of dry powder on…
Private Debt Intelligence – 2/14/2022
Special situations funds raise more capital through the pandemic North America-focused fundraising for private debt hit new highs during the pandemic, with $105.7bn raised in 2020 and $128.6bn in 2021. Special situations funds, which finance specific events, such as mergers and acquisitions, raised a record $23.4bn of capital for investment in North America in 2020….
Covenant Trends – 2/14/2022
Average Free-and-Clear as a Multiple of Pro Forma Adjusted EBITDA (Past performance is no guarantee of future results.) Contact: Steven Miller
LevFin Insights: High-Yield Bond Statistics – 2/14/2022
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Middle Market Deal Terms at a Glance – February 2022
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
PDI Picks – 2/14/2022
It’s not all about institutions All the talk is around retail investment as fund managers reach out to this potentially huge investor base. Retail investors have been beating at the door of the alternative investment industry and it appears the door is now being thrown open, as private debt managers increasingly fall over themselves to…
Loan Stats at a Glance – 2/14/2022
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Risky Loans? Think Again.
For private capital investors, the recent spate of market volatility is another opportunity to show strength relative to public asset classes. The threat of higher interestrates and spiking inflation sent equity indices on a roller coaster ride. But loan buyers looked at this same data set and voted with their feet. Last week another $2 […]









