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Private Debt Intelligence - 8/16/2021

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Direct lending attracts most capital in H1 2021 Direct lending remains the most popular private debt strategy, with $14.7bn more capital raised in the first half of this year compared to H1 2020, despite a fall in the number of funds closed from 20 to 17. In distressed debt there were less than half the…

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Covenant Trends - 8/16/2021

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Average Minimum Day-One Capped Basket Capacity, YoY (Past performance is no guarantee of future results.) Contact: Steven Miller

Reorg Credit Intelligence - 8/16/2021

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After June Refinancing Transactions Reduce Secured Leverage, Carrols Restores Significant Secured Debt Capacity Under Its Credit Agreement, Declares Special Cash Dividend Payable in Q3 Carrols Restaurant Group Inc. is one of the largest restaurant companies as well as the largest Burger King franchisee in the United States. As of July 4, 2021, the company operated,…

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PDI Picks – 8/16/2021

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Interest grows in venture debt It’s still a relatively unknown corner of the private debt universe, but venture lending is attracting more support. Venture debt is a small but growing part of the private debt landscape looking to fund small but very high-growth companies to help them reach their next stage in development. In the…

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The Pulse of Private Equity – 8/9/2021

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A recovery in private debt performance Download PitchBook’s Report here. As an asset class, private debt experienced its worst performance in a decade in Q1 2020. According to PitchBook’s latest Global Private Debt Report, private debt funds fell by 7% that quarter on a pooled IRR basis, which includes both realized and unrealized changes to portfolio…

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