Select Deals in the Market – 1/28/2019
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Thin January
As hard as it is to grasp, one-twelfth of the year is already over. For the few of our readers who are goal-oriented, that means if you haven’t started adding good investments to your portfolio, your work for the next eleven-twelfths is harder. The good news is that conditions for deal making remain propitious. Rates are…
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Chart of the Week: Rising Pipe Lifts Boats
It’s early days, but the middle market pipeline is off to a slightly better start than 2018.
The Pulse of Private Equity – 1/28/2019
Public and private valuations are converging Download PitchBook’s Report here. Middle-market PE multiples barely budged last year. We didn’t expect them to, and we don’t expect them to come down much in the near-term either, barring some significant macro development.2018 marked the sixth consecutive year with double-digit purchase price multiples,… Subscribe to Read MoreAlready a member?
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Covenant Trends – 1/28/2019
Distribution of Synergies & Cost Savings EBITDA Addback Time Horizons (for Actions Resulting in Addbacks) Contact: Steven Miller
PDI Picks – 1/28/2019
Real estate debt fundraising is a real downer The strategy had a strong run for several years, but that spurt could be over. Real estate debt seemed to be enjoying its moment in the sun – the strategy has risen annually since 2014, and in 2017, it shot up by almost $13 billion. But it…
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LevFin Insights: High-Yield Bond Statistics – 1/28/2019
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Debtwire Middle-Market – 1/28/2019
Volume of loans in syndication climbs as market finds footing Source: Debtwire Par The volume of institutional loans in syndication has climbed in recent weeks as the loan market has found its footing after a difficult end to 2018, when volatility spiked and several deals struggled before being pulled from market. The institutional loan calendar…
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Private Debt Intelligence – 1/28/2019
Will We Continue to See Fundraising Success in the Private Debt Market? Private debt funds that held a final close in 2018 took just 14 months to close. This represents the third consecutive year in which fundraising has sped up: private debt funds closed in 2016 spent 19 months in market; in 2017, vehicles took…
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Loan Stats at a Glance – 1/28/2019
Contact: Marina Lukatsky marina.lukatsky@spglobal.com