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PDI Picks – 3/8/2021

The allure of Asia Pacific Investors have set their sights on the region, perhaps noting the tightness of the documentation. Past research by Private Debt Investor has found Asia Pacific only accounting for around 5 percent of global private debt fundraising, with capital committed to the region a drop in the ocean compared with North…

The Great Reception: Capital Markets

We continue our special series on The Great Reception, a year that’s welcoming all investors. This week we look at the capital markets: funds flow, asset behavior and deal quality. With each passing day, the light at the end of the COVID tunnel grows brighter. That newfound optimism has put upward pressure on interest rates. […]

Leveraged Loan Insight & Analysis - 3/1/2021

US$480.5m of defaulted loan debt in the retail andsupermarkets sector held in active U.S. CLO collateral There was US$480.5m of defaulted loan debt from 14 different borrowers in the retail and supermarkets sector that was held in active US CLOs as of the end of January. However, only two issuers accounted for three fourths of…

Covenant Trends - 3/1/2021

Distribution of Synergies & Cost Savings EBITDA Addback Time Horizons (for Actions Resulting in Addbacks) Contact: Steven Miller

The Pulse of Private Equity – 3/1/2021

More nuance around first-time funds Download PitchBook’s Report here. Past PitchBook research has found statistical outperformance for first-time PE funds compared to follow-on funds. That note was one among many studies that arrived at the same conclusion: first-time funds tend to do relatively well, for a variety of reasons. PitchBook just released a follow-on note (so…

Private Debt Intelligence - 3/1/2021

Fund Manager Views on Where They are in the ESG-Implementation Lifecycle Private Debt fund managers are lagging on ESG implementation compared with other asset classes. From a survey conducted by Preqin to fund managers, only 11% of private debt fund managers are at the mature stage of the ESG implementation lifecycle, compared with 27% of…