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Leveraged Loans and Systemic Risk (First of a Series)
“It is difficult for us to envision a scenario in which the leveraged loan market causes the next financial crisis.” – Beth MacLean, loan portfolio manager, PIMCO. We aren’t often torn between which notable Quotes of the Week to feature. This issue, however, presented us with outstanding insights from two long-time credit practitioners. Let’s go…
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The Pulse of Private Equity – 2/25/2019
Downturn opportunities don’t last long Bain & Company released its annual private equity report this week. It’s required reading for the industry every year. One of their more salient points is the resiliency of purchase price multiples following downturns. In the two-year window between 2009 and 2011,… Subscribe to Read MoreAlready a member? Log in
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Chart of the Week: Shooting Below Par
After a good run leading up to last year’s market volatility, virtually no names in the LCD LSTA Leveraged Loan Index are trading at or above par.
Select Deals in the Market – 2/25/2019
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Leveraged Loan Insight & Analysis – 2/25/2019
Privately placed second-lien issuance picks up this quarter So far this quarter there is US5.2bn in completed and pipeline second-lien issuance, well below the US$8bn level it has reached the previous nine quarters. In addition, a greater share of second-lien issuance is getting privately placed…. Subscribe to Read MoreAlready a member? Log in here...
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LevFin Insights: High-Yield Bond Statistics – 2/25/2019
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
PDI Picks – 2/25/2019
Private debt is expanding despite its competitiveness PDI data show almost twice the number of investors this year are set to expand their GP relationships than decrease them. Many limited partners have already set their private debt investment pacing plan for the year and, pending their fiscal year, may be getting ready to decide another…
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Private Debt Intelligence – 2/25/2019
Ample Room Left for Private Debt Growth Investors are, on average, well below their target allocations to private debt, and over the next 12 months a third of investors will look to commit more capital than they did in the previous 12 months in an effort to move closer to their targets. Over the longer…
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