TheLeadLeft
The Great Stay-In (Sixth of a Series)
This week we wrap up our conversation with Brian Nick, Nuveen’s chief investment strategist: The Lead Left: Brian, how do you compare this cycle with the last one? Brian Nick: The last cycle ended because of an excess of leverage and risk-taking by individual households and within the financial system as a whole. The housing…
Chart of the Week: Peak to Trough
Last month’s early price plunge was three times worse than the Great Depression.
Covenant Trends – 4/13/2020
Percentage of Loans with F&C Tranche / Pro Forma EBITDA >0.9x Contact: Steven Miller
Private Debt Intelligence – 4/13/2020
Private Debt Fundraising Falls in Q1 2020 The past quarter has been a challenging one, with the emergence of the COVID-19 pandemic impacting in all markets across the globe. Fundraising in private debt slumped substantially over the first quarter of 2020…. Subscribe to Read MoreAlready a member? Log in here...
Debtwire Middle-Market – 4/13/2020
Secondary loan market continues to grind higher Source: Debtwire Par, Markit The secondary loan market continues to grind higher, adding over 2 points in the last week to reach an average bid of 85.26 (as of April 14), and is now up 9 points from its March 23 low. Despite the recent rebound, prices are…
Middle Market Deal Terms at a Glance – Apr 2020
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
LevFin Insights: High-Yield Bond Statistics – 4/13/2020
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
PDI Picks – 4/13/2020
The hidden attraction of distress They may not be raking in fresh capital right now, but distressed debt managers have plenty of firepower to take advantage of current conditions. In last week’s Lead Left column, we noted that the proportion of fundraising by strategy in the first three months of this year was more or…
Loan Stats at a Glance – 4/13/2020
Contact: Marina Lukatsky marina.lukatsky@spglobal.com









