Covenant Trends – 2/8/2021
Average Minimum Day-One Capped Basket Capacity, Quarterly Contact: Steven Miller
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Private Credit – Industries Matter
We continue our special series with the fourth of our “Five Biggest Private Capital Surprises of 2020:” Surprise #4: Which Industries Mattered? For experienced credit managers, diversity is a key investing principle. The question coming into last March’s downturn was, have we made the right decisions on industries to lean into and out of? Generalists […]
Chart of the Week: Buy Often, Sell Often
A “whopping” 85% of direct lenders characterized deal flow expectations as equal or better than pre-Covid levels.
Debtwire Middle-Market – 2/8/2021
Convergence of market dynamics brings loans back into focus Source: Debtwire Par The convergence of several market factors has led loans to the forefront of the leveraged debt markets in 2021. Institutional loans made up roughly two thirds of combined loan and bond issuance in January, one of the highest proportions seen since this time…
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Private Debt Intelligence – 2/8/2021
Record Number of Active Fund Managers in Private Debt The firms’ market is increasingly crowded with a record 1,947 private debt firms currently active. In 2020, the proportion of private debt managers active in distressed debt and special situations markets grew considerably… Subscribe to Read MoreAlready a member? Log in here...
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LevFin Insights: High-Yield Bond Statistics – 2/8/2021
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
PDI Picks – 2/8/2021
Completing the cycle The global pandemic will give investors more visibility into how private debt performs in tough times. Private debt did not have a great time on the fundraising trail in 2020, as can be seen from our chart above. From the fundraising peak of 2017, the amount raised has declined significantly and last…
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