Chart of the Week: Best in Class
During the worst of the credit crisis the lower volatility of middle market loans is evident, compared to bonds or liquid loans.
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Covenant Trends – 12/17/2018
Average Adjustments for EBITDA Reconciliation, M&A-Driven Loan Deals Contact: Steven Miller
Debtwire Middle-Market – 12/17/2018
Dramatic shift in secondary loan market price distribution Source: Markit, Debtwire Par The secondary loan market has come under pressure in recent weeks amid increased financial market volatility, a jump in risk aversion and a sell-off in loan mutual funds & ETFs (aka retail funds). Outflows from retail funds in the most recent week was…
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Private Debt Intelligence – 12/17/2018
Are We on the Precipice of a Private Debt Crash? Private debt funds can act like a bank, providing loans to businesses are that are too small to go on the bond market, but which are also too big to solely rely on loans from their local credit union. This important financial model has led…
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The Pulse of Private Equity – 12/17/2018
What do LPs want? Download PitchBook’s Report here. Do they know you, and how much do you cost? Those are the two most important factors for LPs considering GP commitments, according to our new Institutional Investors Survey. We reached out to more than 50 global LPs for the study, which came back with some surprising results….
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Loan Stats at a Glance – 12/17/2018
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Leveraged Loan Insight & Analysis – 12/10/2018
Loan bids continue to decline amidst broader market volatility LPC’s most liquid 100 loans cohort traded down again yesterday to 96.15, its lowest level since March 2016. The volatility in the broader market has bled into the syndicated loans market. Loan investors have reacted by yanking roughly US$5.6bn from retail loan funds since the last…
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Select Deals in the Market – 12/10/2018
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