Loan Stats at a Glance – 2/14/2022
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
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 $2 […]
BDC visible loans benchmark edges lower year-to-date Valuations of actively marked BDC loans have edged marginally lower so far in 2022, continuing the trend seen in 4Q21. This follows a sharp appreciation in valuations during the 1-3Q21 time-period as companies bounced back from COVID hit 2020. The Refinitiv LPC BDC Visible Loans Benchmark (comprised of…
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
High yield bond market activity cools in January as demand wanes Source: Debtwire Par The high-yield (HY) bond market has seen a muted start to the new year, with issuance of USD 16.9bn across 24 deals in January. While this represents an improvement over the December 2021 trough of only USD 9.3bn, the two-month span…
Percentage of Loans with an MFN Sunset (Past performance is no guarantee of future results.) Contact: Steven Miller
Private debt dealflow in Canada dries up during COVID Momentum in Canada’s private debt market has all but disappeared over the past two years. The number of investments fell from 64 in 2020 to 40 in 2021. Deal value (US$) has slumped from a recent high of $10.8bn in 2019 to $4.1bn in 2020 and…