TheLeadLeft
Covenant Trends – 1/7/2019
Distribution of MFN Maturity Carveout Horizons Contact: Steven Miller
The Pulse of Private Equity – 1/7/2019
2018: Almost a record Download PitchBook’s Report here. Thanks to a massive Q4 to close out the year, 2018 came close to setting a new record for combined deal value. About $277 billion was invested in Q4, versus a relatively paltry $198 billion invested in Q3 2018. Fourth quarters typically see the highest numbers in any…
Select Deals in the Market – 1/7/2019
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Lost in Translation
2018 ended in the high-yield loan and bond markets not with a bang, but with an olufsen. That’s our rendition of “whimper,” borrowed from the Danish audio products company. There are signs 2019 might be off to an upbeat start. But there are contrary signals as well. Volatility caused by rate and trade concerns held…
Chart of the Week: On the Rebound
Secondary prices for LPC’s top liquid loans rose almost 2%, as public markets have regained confidence over the past week.
Private Debt Intelligence – 1/7/2019
Direct Lending Fundraising Dips in 2018 Total private debt fundraising fell in 2018, with 162 funds securing an aggregate $110bn throughout the year. In comparison, in 2017, 186 private debt funds held a final close and raised $129bn. Although direct lending continued to represent the largest bulk of fundraising activity, direct lending fundraising dipped steeply…
LevFin Insights: High-Yield Bond Statistics – 1/7/2019
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
PDI Picks – 1/7/2019
The mightier they are, the harder they fall Private debt hit a fundraising peak in 2017, which has proved impossible to sustain. It was the year when private debt came of age as an asset class, shattering the previous global aggregate fundraising total as GPs raked in a combined $211 billion according to PDI figures….









