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Leveraged Loan Insight & Analysis - 7/1/2019

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1H19 Leveraged lending down 44% y-o-y; Leveraged loan volume off 53% Renewed focus on credit quality and increased market volatility combined gave rise to increased selectivity among leveraged loan investors, despite a lighter 2Q19 deals calendar. At US$255.35bn, 2Q19 total leveraged lending was up slightly compared to 1Q19 results but down 45% compared to the…

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Private Debt Intelligence - 7/1/2019

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Is Real Estate Debt Expecting a Drop in 2019? Specialized debt providers have started to take on the role of traditional lenders in the real estate sector, changing banks for funds, while creating a new way for investors to gain access across the capital structure. Debt as a real estate strategy has been growing in…

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Debtwire Middle-Market – 7/1/2019

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Higher rated loans lead margin tightening in 2Q19 Source: Debtwire Par Steady demand for loans from CLOs helped push pricing lower in 2Q19, though margins remained well above year-ago levels. Lenders snapped up higher quality credits and said they were more willing to push back on aggressive deals, given caution around where we are in…

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The Pulse of Private Equity – 7/1/2019

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Mega-funds aren’t what they used to be Download PitchBook’s Report here. It seems remarkable now, but in 2006, PE mega-funds (of over $5B) had almost ten years of cash on hand to invest at that year’s investment pace. A decade of dry powder is a lot, even for private equity. To see the average drop down…

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PDI Picks – 7/1/2019

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Infrastructure debt fundraising is falling short Investors say they are interested in the strategy, but few are putting their money where their mouth is. Infrastructure debt fundraising has hit a lull so far in 2019 as the market enters the second half of the year. Infrastructure debt fund managers have only held final closes on…

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