Investor Views on the Fund Types Presenting the Best Opportunities in Private Debt Investors believe the best opportunities in private debt are in distressed and special situations funds. More than half (56%) of surveyed investors are backing distressed debt, up 16 percentage points on the previous year, while 48% see the most promise in special…
Distribution of Accordion F&C Tranche EBITDA Grower Caps (L3M) (Past performance is no guarantee of future results.) Contact: Steven Miller
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
US CLO secondary loan bids trend higher than pre-pandemic levels Positive fiscal and monetary stimulus news coupled with improving vaccine distribution and availability continued to bolster the financial markets and have led to a robust recovery in secondary loan bids in 2021. The average bids of loans held in US CLOs moved higher this February…
Fran Beyers, Cliffwater’s Head of Capital Markets, Dan Lee, Partner of Comvest, and Randy Schwimmer, Churchill’s Co-Head of Senior Lending discussed what are their biggest fears and surprises in the height of the pandemic and the economic outlook for 2021. ▶︎ Watch the full version interview from Opus Connect Webinar: here
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
The middle market had a huge fourth quarter Download PitchBook’s Report here. PitchBook’s latest Middle Market Report is now live, and the fourth quarter sure delivered. Our analysts estimate deal flow more than doubled between Q3 and Q4, from 667 deals to 1,428 deals to close out the year. Dollars invested came close to doubling as…
An astute Lead Left reader sent us the following note regarding last week’s commentary: “Besides the beneficial economic impact of pent-up consumerism, the Biden stimulus package, and vaccine distributions, you should also mention the healthy state of household savings,” he wrote. “February’s data [just released] showed family net worth’s hit a record high of $130.2…
The difference between the five-year Treasury and five-year TIPS shows inflation expectations higher than the Fed’s 2% target.
