TheLeadLeft

PDI Picks – 12/9/2019

LPs expecting lower private debt returns in 2020 The asset class has experienced intense competition over the years, and that might be starting to show up in LPs’ return expectations. Investors broadly expect to enjoy solid private debt returns next year, with 78 percent anticipating returns at or above their benchmarks, according to our annual…

Debtwire Middle-Market – 12/9/2019

High yield bond issuance climbs sharply in November,up 41% YoY Source: Debtwire Par High yield bond issuance continued its hot streak following a November which saw USD 37bn in volume including over USD 17bn in new money financings, and it was easily the largest amount of deal flow this year. Another USD 4bn of issuance…

Private Credit Risk: Where Are We Now?

As a long-term participant in the #CreditMarkets, we’ve learned the most intriguing times are not when things are going swimmingly for issuers or investors. Life is becomes interesting when trends begin to shift, at the inflection points. These are often apparent only in hindsight. The Great Recession, for example, ended in June, 2009 – barely […]

“The Best Place to Be” (Third of a Series)

A dictionary of Latin words, called the “Thesaurus Linguae Latinae,” was begun in 1893 by a team of German researchers. So far their successors have reached the letter R. With extraordinary luck and effort, “zythum” (an Egyptian beverage) will be reached circa 2050. For a so-called “dead language,” that seems like a lot of work…