Chart of the Week: Correlation Aberration
The historic relationship between Libor and midcap loan spreads has been inconsistent.
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Loan Stats at a Glance – 9/23/2019
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
The Pulse of Private Equity – 9/16/2019
Middle market update Download PitchBook’s Report here. Middle market PE activity was strong through the first half of the year, according to PitchBook’s newly calculated Middle Market Report. Both deal value and overall volume are on pace to match or exceed last year’s numbers, both of which were records. The back half of the year has…
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Covenant Trends – 9/16/2019
Minimum General Purpose Debt Capacity for M&A-Driven Loan Deals Contact: Steven Miller
Private Debt Intelligence – 9/16/2019
Private Debt Investors Challenges in the Next 12 Months Preqin’s latest survey finds that private debt investors remain committed to the asset class, and their overall perception of the industry is positive. Performance has satisfied most investors across the asset class – 88% of them said their investment portfolios had met or exceeded their expectations…
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PDI Picks – 9/16/2019
North America ascendant in rat race for capital Many smaller private debt funds may be targeting the continent, but that is at odds with the trend toward more capital in the hands of fewer managers. North America may be rising in private credit fundraising – funds targeting the continent are seeking $116.6 billion. Funds investing…
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Leveraged Loan Insight & Analysis – 9/16/2019
Sustainability-linked loan volume dominates Green-ESG pipeline Year to date, over US$83bn in global green and ESG linked loan volume has been announced, almost two times year ago levels. Of this total, over 80% or nearly US$67bn is in the form of sustainability or ESG linked loans. Amid global interdepence and heightened awareness of environmental risks…
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