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…
“If you liked private credit before, you’ll really like it now.” – Managing director of a private debt investment firm. As we wrap up our special series on the “new” private credit, let’s look at factors influencing both quantity and quality of deal flow next year. First, the economy. Recent employment numbers point to a…
TSA checkpoint data is showing that air travel in the US remains significantly below pre-COVID levels.
Source: Cliffwater Direct Lending Index and BofA Merrill Lynch US High Yield Effective Yield The red line in the chart is the *Cliffwater Direct Lending Index (CDLI) current yield, which is based on the investment income of the underlying assets held by public and private BDCs. BDCs invest in middle market companies, and the Index…
Beginning in June 2020 The Lead Left published a series of articles on post-pandemic healthcare. This report consolidates those articles.
Do the documents offer lenders hope? Borrowers have held the balance of power for some time when it comes to deal negotiations. There are signs that their grip is being loosened, if only a little. In the wake of the covid-19 crisis, it’s hard to view the positives but you should always try…. Subscribe to
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
We mentioned last week the SuperReturn North America Virtual conference, where we heard participants on the pandemic’s impact on private credit terms, structures and portfolio performance. But what about new business? A lot depends on managers’ strategies. Institutional investors had expected a downturn for a while. Significant capital was raised to take advantage of fall-out […]