A question came from a reader on our series about the Lincoln Senior Debt Index. She asked: “I’m curious how the benchmark accounts for where the loan is in the cap structure? Recovery rates for unitranche, 1st lien and second lien are different. So any portfolio would have to match the composition to effectively compare […]
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
M&A loan volume kicks up in 2Q; WarnerMedia/Discovery provides further boost Both high grade and leveraged loan arranger alluded to the flurry of M&A discussions that had kicked up at the end of 1Q21 and their hopes for a steady pipeline of deals into 2Q. Barely six weeks into the second quarter, nearly US$80bn in…
Institutionalizing sports investing Download PitchBook’s Report here. Buying ownership stakes in professional teams has become a new credential for the most successful investors. A new PitchBook analyst note goes into detail about why that trend may continue, but with an institutional twist. In the last handful of years, the NBA, MLB and MLS have all altered…
“Inflation (noun): 2. A continuing rise in the general price level usually attributed to an increase in the volume of money and credit relative to available goods and services.” “Transitory (adjective): 1. Of brief duration: temporary. 2. Tending to pass away: not persistent.” Thanks to Merriam-Webster for these clarifying entries, which together define one perspective…
Consumer price inflation has generally dropped since 1980, with questions raised for its future course.
Growth of PD funds in market accelerates in Q1 The number of private debt funds in market has been rising consistently over the past five years, but the last quarter has seen a marked acceleration. There are 592 funds in market as of April 2021, a 36% increase compared to January 2020…. Subscribe to Read