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High Times (Second of a Series)

We continue our special series on high-yield bonds with a look at more deals in the market. Our tour guide on this trip, Matthew Fuller of LevFin Insights, identified several transactions as signs of market recovery. Northwest Fiber (Caa1/CCC), with a new issuer name, Ziply Fiber, came out with a loan/bond buyout of Frontier Communication…

Private Debt Intelligence - 5/25/2020

Has Asia-Focused Private Debt Been Impacted by COVID-19? The Asian private debt market is still relatively small, and expansion has been slower than in the more developed regions of Europe and North America. The region has yet to reach a ‘critical mass’, so activity remains cyclical. Has there been a significant change amid the pandemic…

PDI Picks – 5/25/2020

Strategic pioneers give fundraising a helping hand Outside of the mainstream, fund managers are seeking to take advantage of the dislocations produced by the global pandemic. In a way, all seems normal. Our latest data on private debt fundraising by strategy (see charts above) are not especially out of kilter with the norm. A slight…

The Pulse of Private Equity – 5/18/2020

April was down, as expected Download PitchBook’s Report here. An early look at April 2020 deal volume shows the significant decline we’ve all been anticipating. Only 158 transactions were completed last month, less than half of the typical monthly volume we were seeing pre-pandemic. As we’ve noted in the past, some of these deals were announced…