Middle market syndicated M&A volume reaches US$49.2bn year-to-date Middle market syndicated loan M&A volume has reached US$49.2bn year-to-date, surpassing the US$46.1bn and US$44.4bn posted in 2018 and 2019, respectively. The last three quarters have been particularly busy on the back of buoyant M&A activity, with loan volume climbing to US$14.5bn in the current quarter, far outpacing…
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Institutional loans & high yield bonds log another strong month in November Source: Debtwire Par The leveraged debt capital markets remained strong through November, with leverage loan volume holding steady and high yield bond issuance seeing a month-over-month improvement. Leading up to the Thanksgiving holiday, the syndication pipeline was bursting, with approximately USD 51.5bn of…
Inflation and interest rates are linked, but not always in straightforward ways. Fear of higher prices can drive rates up, while markets may ignore actual inflation having anticipated it. This year we devoted a special series to inflation (link) and, with expert help from our favorite economists, have written extensively about rate expectations. Recent data…
Long-term inflation protected Treasury yields have bottomed out to record lows.
US Remains Most Attractive for Private Debt, But Other Markets Are Catching Up Every year, Preqin asks investors which developed markets they think are presenting the best opportunities in private debt. The US is the top market, although the 65% of investors who identified it is down from 77%. However, a number of other regions…
Europe’s unstoppable deal market Despite the pandemic, it’s been a case of full steam ahead for transactions in the region. European private debt deal numbers breached the 200 milestone during a single quarter for the first time in Q3 according to the latest figures from the Deloitte Alternative Lender Deal Tracker. On the face of…
Distribution of MFN Maturity Carveout Horizons (Past performance is no guarantee of future results.) Contact: Steven Miller