Covenant Trends – 4/12/2021
Average Minimum Day-One Capped Basket Capacity, YoY (Past performance is no guarantee of future results.) Contact: Steven Miller
Average Minimum Day-One Capped Basket Capacity, YoY (Past performance is no guarantee of future results.) Contact: Steven Miller
Direct Lending Targeted in Private Debt Fundraising Although Q1 2021 saw a drop in both the number of private debt funds closed and aggregate capital raised, the outlook for the sector remains positive. As of April 2021, aggregate capital targeted stands at $300bn, up 56% compared to the start of 2020…. Subscribe to Read MoreAlready
Competition in leveraged loans, keen as it is, pales in comparison to the 2021 Mrs. Sri Lanka pageant. Reigning Mrs. World champion, Caroline Jurie yanked the tiara off newly-crowned winner Pushpika DeSilva, charging Mrs. DeSilva was not married. Mrs. DeSilva fled the stage in tears. Order was eventually restored. Mrs. DeSilva reclaimed her crown, and…
While 2020 middle market CLO activity slid from the previous year, 1Q 2021 issuance has revived.
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
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…
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…