TheLeadLeft

Leveraged Loan Insight & Analysis - 1/24/2022

Direct lending drives sponsored middle market issuance to new record Direct lending drove sponsored middle market loan issuance to new heights in 4Q21 and full-year 2021, as sponsors tapped the market at a blistering pace to fund LBOs and add-on acquisitions. Direct lending activity spiked to US$131bn in 2021, almost doubling 2020’s volume and topping…

M&A Webinar: 2021 Review

Over five hundred registrants tuned in last week for our “Lead Left Presents” 2022 M&A Outlook webinar. Our four panelists crammed in a ton of great content into 60 minutes. Here are a few highlights. Last year was an “acceleration” of what we saw in 4Q 2020. Not just in sheer volume, but across a […]

The Pulse of Private Equity – 1/24/2022

PE a growing presence in M&A Download PitchBook’s Report here. PE deal flow accounted for 38% of global M&A transactions in 2021, a new high. That’s according to PitchBook’s Annual Global M&A Report, released this morning, which also showed a record year for M&A overall. Globally, 38,231 transactions were finalized last year, a 48% leap over…

Covenant Trends - 1/24/2022

Percentage of First-Lien Loans Clearing with Key Covenant Terms by Quarter (Past performance is no guarantee of future results.) Contact: Steven Miller