Quantifying style drift An upcoming PitchBook analyst note takes a look at GP style drift. It’s an important topic but a frustrating one for LPs. Quantifying the drift is tricky. Our framework assigns style scores to the PE firms themselves over time, instead of at the fund level. We broke the style definitions into three…
Distribution of Synergies & Cost Savings EBITDA Addback Time Horizons (for Actions Resulting in Addbacks) (Past performance is no guarantee of future results.) Contact: Steven Miller
Source: LevFin Insights Source: LevFin Insights Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenberg robert.polenberg@levfininsights.com
Beginning in November 2020 The Lead Left published a series of articles on special purpose acquisition companies (SPACs). This report consolidates those articles.
“The world has put all its Covid eggs into the vaccine basket. There is no Plan B.” – CLO manager. What happened to CLOs during Covid? We asked a number of experts on the topic, including rating agency friends and top credit managers. Here’s a summary of their opinions: First, because CLO assets represent roughly…
CLO liability spreads for the most creditworthy tranches have fallen below pre-Covid levels.
Private Debt Assets under Management by Geographic Focus, 2000 – 2020 While funds focusing on North America constitute 61% of total AUM, other regions have gradually expanded their share. This is particularly the case for Europe-focused AUM, which now makes up just under 30% of the total… Subscribe to Read MoreAlready a member? Log in