Loan Stats at a Glance – 10/12/2020
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
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Private Credit: Should investors be worried?
With all the distractions of the moment, it’s hard to remember that US GDP dropped 33% in the second quarter – the sharpest decline in history. It looks, though, like the third quarter is poised for one of the biggest economic rebounds, with estimates around 30%, depending on the impact of stimulus programs that have […]
Leveraged Loan Insight & Analysis – 10/5/2020
1-3Q20 Leveraged volume up 6% y-o-y; Asset mix skews toward HY bond issuance US Leveraged borrowers pushed nearly US$839bn of issuance through the market during the first nine months of 2020, a 6% increase over the same time last year. Although the totals did not shift dramatically year over, the mix of loans and bonds…
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The Pulse of Private Equity – 10/5/2020
Small bounce back in Q3 PitchBook’s latest US PE Breakdown Report will be in tomorrow morning’s newsletter (sign up here for a free subscription and a copy of the report). Q3 numbers show moderate rebounds in both estimated count and value, clearing a very low bar set in Q2. Estimated deal volume was about 48%…
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Covenant Trends – 10/5/2020
Percentage of PE-Backed Loans with Portability by Quarter: All Deals vs. Dividend Recaps Contact: Steven Miller
DL Deals: News & Analysis – 10/5/2020
Third quarter finishes on high note; Lower middle market LBOs rally in Sept The second quarter’s heavy caution all but disappeared by last month in a swift reversal of deal flow. Uncertainty is onmnipresent, but investors have capital to deploy, financing has stabilized and after idling for six months, it’s risk on toward year end….
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LevFin Insights: High-Yield Bond Statistics – 10/5/2020
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Private Debt Intelligence – 10/5/2020
Private Debt Fundraising Sinks in Q3 2020 So far in 2020, $68.9bn have been secured by 123 private debt funds closed. Compared to the same period over the last five years, these mark the second lowest fundraising figures. As we have seen in previous years, private debt fundraising figures in Q1 and Q3 are always…
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