Covenant Trends – 1/10/2022
Accordion Inside Maturity (Past performance is no guarantee of future results.) Contact: Steven Miller
TheLeadLeft
Middle Market Deal Terms at a Glance – January 2022
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Lead Left Presents: M&A Outlook for 2022 (First of a Series)
We will be starting the new year with a bang, kicking off next week our first “Lead Left Presents” webinar. This debut session will feature top middle market investment bankers discussing what happened in the deal market in 2021 and what’s to come for 2022. So much attention has been paid to record financings and…
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Chart of the Week: Best Offense
Defensive sectors have shown the highest gains in enterprise value during Covid.
The Pulse of Private Equity – 1/10/2022
A trillion-dollar year Download PitchBook’s Report here. The US PE market topped $1 trillion for the first time, according to PitchBook’s just-released Annual Breakdown Report. 2021’s $1.2 trillion performance was more than 50% higher than the previous record. Deal volume also spiked, with 8,624 transactions altogether. That’s also a new record – the US market had…
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Private Debt Intelligence – 1/10/2022
Direct lending most popular PD strategy of 2021 Private debt funds reached an average 120% of their target size at final close last year, with a total of $195.1bn raised. Of this, 58% was raised for direct lending strategies, amounting to $112.5bn over 94 funds. The next largest strategy within the asset class was distressed…
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PDI Picks – 1/10/2022
Venture debt sets new records It’s a form of financing that’s taken a while to gain traction, especially outside of the US. But there are clear signs this is changing. Venture debt, long the province of the US and once viewed as a mere backstop along the way to growth for startups, is lately being…
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