Remember your summer internships in high school? Neither do we. There’s a vague recollection of delivering mail for a financial advertising agency on Wall Street. (It’s also where we first encountered the term “Lead Left,” but that’s another story). Wolf Cukier’s stint at NASA’s Goddard Space Flight Center last summer could have been equally tedious….
2019 leveraged loan volume was off 35%; the second straight decline since the 2017 peak.
Loan repricing streak continues into 2020, spreads to single-B names Source: Debtwire Par Institutional loan repricings have continued their hot streak into 2020, with USD 17.9bn of repricings in the syndicated loan pipeline as of January 15. This represents roughly half of all institutional loans currently in the syndication phase. 2019 was a light year…
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
Private Debt Fundraising Slows in 2019 More than 200 private debt funds closed in each year from 2015 to 2018. But 2019 fundraising has lagged, and at the end of the year just 152 funds have reached a final close. Collectively, those funds secured $107bn, the lowest annual total since 2015 and a 11% decrease…
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
#DirectLending #MiddleMarket
2019 US Syndicated loan volume down 20% compared to 2018 record high At US$2.1trn 2019 U.S. syndicated loan volume was down 20% compared to the record setting US$2.6trn raised the prior year amid a thinner pipeline of deals, higher market valuations and the long – if tangential – shadows cast by geopolitical and economic unease….