Chart of the Week: Fund Facts
The number of private debt funds closed through June 30 was significantly off last year’s pace.
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“The Best Place to Be” (Second of a Series)
As a long-term observer of (and participant in) the credit markets, we’ve learned the most interesting times are not when things are going swimmingly for issuers or investors. Life becomes intriguing at the inflection points, when established trends begin to shift. These moments are often apparent only in hindsight. The Great Recession, for example, ended…
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Loan Stats at a Glance – 12/2/2019
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
The Costs of Senior Stretch and Unitranche
“Where to draw the line is also key as we examine #SeniorStretch and #unitranche loans. Besides leverage and loan-to-value, yield is helpful in identifying these financings. Unitranche is a one-stop solution blending senior and junior tranches into one. With more than thirty unitranche suppliers out there, leverage and pricing reflect competition among those firms, rather […]
The Pulse of Private Equity – 11/25/2019
Grading our predictions, part 2 Download PitchBook’s Report here. Last week we previewed our upcoming webinar with ACG on how our 2019 private equity predictions panned out. This week’s rearview assessments is one of our misses—we thought private debt fundraising levels would rebound off of a slower 2018. Slow being relative, as it was still one…
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PDI Picks – 11/25/2019
North America’s dominance shows in 15 largest global investors The biggest backers of the asset class generally reside in the world’s largest and most sophisticated alternative credit market. The top half of our inaugural Global Investor 30 rankings shows a worldwide embrace of the asset class, though there is a bias towards North America…. Subscribe
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Leveraged Loan Insight & Analysis – 11/25/2019
Oil and gas lending follows oil prices down The oil and gas industry is facing many challenges – recession fears, the ongoing trade war, regulatory shifts and excess global supply amid slowing growth in demand – all of which have curtailed any expectations of a meaningful increase in oil and gas prices. Oil prices have…
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“The Best Place to Be” (First of a Series)
Earlier this month your correspondent traveled to Tokyo and Seoul, in part to assess how institutional investors view private debt there today. One highlight was serving on a panel at the Private Debt Investors Forum with several other experienced asset managers. The panel headline was “Global Debt Under the Microscope.” Andrew Hedlund, PDI’s top reporter…
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