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…
Private Debt slow to adopt ESG Frameworks In most alternative asset classes, ESG has been the acronym on everyone’s lips, but not so much in the private debt industry. A total of 292 private debt fund managers are signatories to ESG/impact investing frameworks tracked by Preqin…. Subscribe to Read MoreAlready a member? Log in here...
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Back on January 8th, we reviewed credit market conditions in the wake of the killing of an Iranian general. Could this be the exogenous factor that sparks a Middle East war, and triggers a recession? We concluded with the following observation: “Whether the Fed can continue mainlining enough liquidity all year to overcome any exogenous […]
Percentage of Loans with MFN Carveouts Contact: Steven Miller
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
How does the dry power get invested now? The market is pausing for thought at a time when there’s plenty of capital waiting to find a home. One constant topic of PDI’s conversations with the market over the last few years has been the inevitability that at some point something would trigger a downturn…. Subscribe
Unitranche in price discovery mode, likely moving back over 600bp Amid falling Libor and more volatile pricing conditions in the syndicated market, unitranche pricing is moving higher after hitting rock bottom levels in 4Q19. So far in 1Q20, the average blended spread on a unitranche is 590bp, up from a low of 578bp in 4Q19….
