Middle Market Deal Terms at a Glance – November 2021
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
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Leveraged Loan Insight & Analysis – 11/15/2021
BDC portfolio loan coupons tighten significantly in 2021 The huge growth of fundraising in the direct lending market and the resulting need to put money to work has pressured loan coupons across market segments this year. The robust lender appetite has enabled borrowers to refinance more expensive debt while allowing sponsors to tap the market…
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The Pulse of Private Equity – 11/15/2021
Private debt fundraising: As top-heavy as it’s ever been Download PitchBook’s Report here. Globally, private debt fundraising is on pace for another strong year. According to PitchBook’s latest Private Fund Strategies Report, about $138.0B has been raised this year across 137 new funds. By combined value, that’s in line with recent years, but the number of…
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LevFin Insights: High-Yield Bond Statistics – 11/15/2021
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
All Ahead Full: Private Credit Outlook 2022 (First of a Series)
As investment managers run through the tape towards an incredibly productive 2021, many are now looking ahead to 2022. What will the new year bring? Two years ago no one could have foreseen the imminent downturn or the agent that caused it. Nor one year ago were the course of the pandemic, vaccines, or 25%…
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Chart of the Week: Home by the Holidays?
Not since Spiro Agnew resigned the Vice-Presidency has receiving goods been so long delayed.
Private Debt Intelligence – 11/15/2021
Private debt investors back consumer spending growth Private debt investors have been active deploying capital in consumer discretionary businesses. With 110 transactions recorded in 2021 YTD, consumer businesses accounted for 10% of all private debt investments. Analysis of deal types in the sector shows growth focus of private debt transactions and the symbiotic relationship between…
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Debtwire Middle-Market – 11/15/2021
High yield bond issuers rush into action following Fed announcement Source: Dealogic, Debtwire Par High-yield (HY) bond issuers are jumping back into action, as more clarity emerges from the Federal Reserve around the tapering of its monthly bond-purchasing program. The Fed announced on 3 November that it plans to slow monthly bond purchases by USD…
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