LevFin Insights: High-Yield Bond Statistics – 1/3/2022
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
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Covenant Trends – 1/3/2022
Percentage of Deals with 75+ bps MFN (Past performance is no guarantee of future results.) Contact: Steven Miller
All Ahead Full: Private Credit Outlook 2022 (Last of a Series)
We planned last year to publish a special series on Environmental, Social and Governance (ESG). Unlike most topics in our commentaries, the origins and complexities of ESG were unfamiliar. To the rescue came our Nuveen colleagues, a Responsible Investing team of close to thirty ESG professionals. Of course, risk management is core to Churchill’s own…
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Loan Stats at a Glance – 1/3/2022
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Chart of the Week: ESG Pressure
In IHS Markit survey, asset managers see increased investor focus on ESG matters.
PDI Picks – 1/3/2022
Ways through the ESG maze Europe has seen an explosion of loans encouraging better borrower behaviour in relation to ESG issues. We look at some of the key developments so far. In the February 2022 issue of Private Debt Investor, we will be focusing on the rapid growth of ESG-linked loans in the European private…
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Private Debt Intelligence – 1/3/2022
Private debt fundraising in 2021 Investor demand for private debt is strong, with funds exceeding targets by record margins in 2021. The average percentage of target size at final close last year reached 120%, a sharp contrast to 2020 when the average final close was 98% of target size. Even compared to pre-pandemic fundraising… Subscribe
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2022 Outlook: Mega Pockets
In April 2015 we introduced the concept of the “cargo-pants strategy.” For direct lenders to compete against banks for leveraged loans, they needed to hold larger commitments. So managers raised CLOs, separate managed accounts, commingled funds, and BDCs to create loan storage pockets. They could then allocate large commitments across vehicles without any one holding […]