Chart of the Week: Corona Cliff
The number of new COVID-19 cases has leveled off, but outside NYC the trend is less favorable.
The number of new COVID-19 cases has leveled off, but outside NYC the trend is less favorable.
Primary issuance picks up the pace as loan deal flow rebounds Source: Debtwire Par Weekly primary market activity has reached its highest level since the onset of the pandemic as issuers continue to tap the leveraged debt markets to address financing needs. The most recent week of 17 June to 23 June saw roughly USD…
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Distressed Debt Funds are on the Raise The private debt market is very crowded and, although direct lending funds represent the largest proportion, distressed debt funds have reached new records. There are currently 60 distressed debt funds in market looking to raise capital, seeking for a combined $72bn in capital…. Subscribe to Read MoreAlready a
Is distressed best for LPs? Fundraising targeting troubled companies is gathering pace, with surveys suggesting investors are keen to jump on board. “We estimate that about half a trillion dollars across credit segments are trading at distressed levels,” said Karim Cherif and Jay Lee of UBS Global Wealth Management in a report published in mid-June….
Percentage of Loans with F&C Tranche / Pro Forma EBITDA >0.9x (All Deals) Contact: Steven Miller
Contact: Marina Lukatskymarina.lukatsky@spglobal.com