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Middle Market Deal Terms at a Glance – April 2021
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
The Pulse of Private Equity – 4/12/2021
A strong start to the year Download PitchBook’s Report here. Fourth quarter deal momentum spilled into 2021, resulting in record Q1 numbers for the US PE market. PitchBook’s latest US PE Breakdown Report calculates a $203 billion quarter on 1,763 deals across the country. That’s only the fourth time that a quarter has breached the $200…
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PDI Picks – 4/12/2021
The European deal market’s fast rebound It was a challenging year for new transactions in the region which nonetheless went out with a bang. It was truly a remarkable year for private debt deals in Europe, as illustrated by a new survey which shows the rapid progression from slump to boom. The latest figures from…
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Loan Stats at a Glance – 4/12/2021
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Covid Impact on CLOs
So what happened to CLOs during Covid? When the world stopped last March, as our own CLO manager, Kelli Marti, told us, “everyone looked first to their health of their portfolios. The key was preserving the value of the underlying collateral. “Two things mattered,” she said, “triple-C exposure and OC cushions. If triple-Cs are too […]
Leveraged Loan Insight & Analysis – 4/5/2021
1Q21 leveraged issuance marks four year high at US$474bn; 1Q21 HY bond volume sets new record Building on the early signs of market recovery observed in 4Q20, issuers of leveraged debt took advantage of accommodative conditions to raise nearly US$474bn in loan and high yield bond volume in 1Q21 , the second highest quarterly total…
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LevFin Insights: High-Yield Bond Statistics – 4/5/2021
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Private Debt Intelligence – 4/5/2021
Private Debt: Risk/Return by Fund Type Across private debt strategies, returns and return dispersion data varies greatly. Direct lending funds, which are characterized by more senior secured debt, have been a steady investment, with a median net IRR of 8.3% for vintages 2008-2017 and a standard deviation of only 5.0%…. Subscribe to Read MoreAlready a
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