Loan Stats at a Glance – 7/27/2020
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
As part of our special healthcare series we spoke with the partner of a NY-based private equity firm. He has two decades of experience investing in healthcare businesses. We asked how the current crisis unfolded for your firm? “For the first couple weeks it was 100% focus on the portfolio,” he told us. “Turned out […]
Venture-backed > PE-backed Private equity is losing its oomph as an M&A driver this year. PitchBook’s new North American M&A Report found that PE-backed M&A is now less common than venture-backed M&A, at least by volume. It’s the first switch between the two asset classes since 2009, which isn’t a coincidence. PE exits come to…
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…
U.S. Primary yields widen slightly to 7% so far in July After declining in May and June, primary US institutional yields have inched up in July. The average yield, assuming a three-year term to repayment on first-lien institutional term loans is 7.01% so far in July; up from 6.68% in June, but a lot lower…
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Average Unadjusted Leverage for M&A-Driven Loan Deals Contact: Steven Miller
Private Debt Performance Remains Positive Horizon IRRs for the overall private debt asset class remains above 6% for one-, three- and five-year horizon to December 2019, oscillating between 6.1% and 6.5%. Direct lending funds improved over the past quarter, contrasting with the overall private debt asset class…. Subscribe to Read MoreAlready a member? Log in