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Private Debt Intelligence - 6/17/2019

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North America-Focused Private Debt The private debt market has grown rapidly in recent years, and North America and Europe account for the majority of that expansion. Based on the latest Preqin Investor Outlook report, 68% of investors believe the US presents the most favourable opportunities in private debt in 2019…. Subscribe to Read MoreAlready a

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Covenantive Easing (Last of a Series)

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As we wrap up our special series on how credit agreement terms are eroding, we asked our distinguished team of lawyers from Morgan Lewis: What should we expect, as issuers and credit providers, to come up in deals with financial covenants? “Financial maintenance covenants are often included in loan documents, even in larger deals,” said…

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PDI Picks – 6/17/2019

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AUM growth expectations at odds with consolidation trend Many private markets managers expect rapid growth in the coming years, but some of those optimistic firms may find themselves being bought – just ask some BDC managers. One of the marquee stories in the finance world post-global financial crisis has been the rise of alternative assets….

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Debtwire Middle-Market – 6/17/2019

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Add-on financings claim larger share of institutional loan market in 2019 Source: Debtwire Par Add-on financings have claimed a larger share of the institutional loan market this year, representing 15% of issuance so far in 2019, up from 12% in 2018 and 6% in 2017…. Subscribe to Read MoreAlready a member? Log in here...

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