Europe Private Debt Over the past ten years, private debt fundraising has grown from $23bn in 2009 to $118bn in 2018. A big proportion of this expansion can be attributed to Europe. Eighty-seven percent of private debt investors believe Western Europe presents the best opportunities in private debt, from which 34% is attributed to the…
Source: Cliffwater Direct Lending Index and BofA Merrill Lynch US High Yield Effective Yield The red line in the chart is the *Cliffwater Direct Lending Index (CDLI) current yield, which is based on the investment income of the underlying assets held by public and private BDCs. BDCs invest in middle market companies, and the Index…
Distressed debt grows despite mixed feelings from investors Distressed debt fundraising dropped off in 2018, but numbers from the first half of 2019 indicate that investor appetite is turning around. In interviews for PDI’s upcoming cover story that takes a deep dive into distressed debt, many investors said they weren’t interested in the strategy, citing…
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
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Eight consecutive years in the black? Download PitchBook’s Report here. Private equity net cash flows are on pace for an eighth consecutive year in positive territory. Through Q3 2018 (the most recent data available), net cash flows (the difference between contributions and distributions) remained just above $100 billion. One more quarter’s worth of data to sift…
US CLO distribution of defaulted loans by sector In May, the top sectors of defaulted loans held within active CLOs on a volume basis were Healthcare, Telecommunications and Technology. One-hundred and thirty-two CLOs currently hold defaulted Healthcare debt, 163 CLOs hold defaulted Telecom debt and 83 CLOs hold defaulted debt in Technology…. Subscribe to Read
Average Minimum Day-One Capped Basket Capacity, YoY Contact: Steven Miller