Chart of the Week: Sector Protector
Defensive industries such as business services, healthcare, tech, and A&D led all sectors in 1Q M&A volume
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Covenant Trends – 4/20/2020
Average Minimum Day-One Capped Basket Capacity, YoY Contact: Steven Miller
Private Debt Intelligence – 4/20/2020
Private Debt Fundraising Tips the Scales into Europe in Q1 2020 Fundraising fell in the first quarter of 2020 and the balance among the regions where funds are focused has slightly changed. Private debt funds focused on North America typically dominate the fundraising market, but in Q1 the balance shifted somewhat. In Q1 2020 there…
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LevFin Insights: High-Yield Bond Statistics – 4/20/2020
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Debtwire Middle-Market – 4/20/2020
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…
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State of the Capital Markets – First Quarter 2020 Review and Second Quarter 2020 Outlook
Review of Current Market Conditions/ Analysis of Capital Markets Metrics/ Review of Credit Quality/ Outlook for Second Quarter 2020
PDI Picks – 4/20/2020
Private equity bandwagon rolls on, but for how much longer? Fundraising for the asset class was strong in the first three months of 2020 but continuing to defy the effects of covid-19 seems unlikely. As we have noted in this column over the last couple of weeks, private debt fundraising provides a neat reflection of…
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Loan Stats at a Glance – 4/20/2020
Contact: Marina Lukatsky marina.lukatsky@spglobal.com