Select Deals in the Market – 5/6/2019
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LevFin Insights: High-Yield Bond Statistics – 5/6/2019
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
PDI Picks – 5/6/2019
Why the UK is OK Politicians are still fumbling for an appropriate response to the UK’s Brexit vote, but the drama has not destroyed prospects for private debt funds targeting the country. The UK may have voted to leave the European Union in June 2016 but, in the almost three years since the referendum was…
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Debtwire Middle-Market – 5/6/2019
Tech firms see the most outstanding leveraged term loans in 2019 YTD Source: Markit, Debtwire Par Outstanding US leveraged term loans have totaled at USD 1.34tn so far in 2019. Of the total outstanding issuance, USD 474bn, or 35%, of term loans come from technology firms, professional and business service providers, and healthcare-related companies…. Subscribe
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Why Valuations Matter (Last of a Series)
“There are two times in your life when you shouldn’t speculate: when you can’t afford to, and when you can.” – Mark Twain Intergrowth 2019 this week in Orlando came at a propitious time, at least as far as our lender survey on valuations goes. One long-time NYC-based middle market practitioner weighed in with a…
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Chart of the Week: No End in Sight
As enduring as the US expansion seems, eight other economies have done better over past three decades.
Leveraged Loan Insight & Analysis – 5/6/2019
US leveraged loan volume seeing a higher share of B3 names While the US leveraged loan market is still challenged by lower supply, the share of B3 rated names by Moody’s has started increasing recently. In April, there was US$6.6bn of completed B3 issuer rated volume, the highest monthly total since October’s US$10.6bn…. Subscribe to
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Loan Stats at a Glance – 5/6/2019
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
The Pulse of Private Equity – 4/29/2019
MM exits off to a slow start Download PitchBook’s Report here. It’s early still, but middle market exits are off to a historically slow start in 2019. Just $27 billion worth of sales were inked in the first quarter off of 137 exits. On a quarterly basis, both were low marks going back to 2010, when…
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Leveraged Loan Insight & Analysis – 4/29/2019
After a slow start to the year, MM fundraising showing a pick-up After a record US$97bn in inflows into middle market direct lending in 2018, the fundraising environment is off to a slower start in 2019 with US$14bn tracked year to date. In 1Q19, LPC only tracked about US$9.0bn in inflows following a record $42.4bn…
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