TheLeadLeft

Covenant Trends - 3/17/2025

Published by on 0

Percentage of Deals with 75+ bps MFN (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com

Middle Market & Private Credit – 3/17/2025

Published by on

Lender-Sponsor Dynamics Mark Default Outcomes for Private Credit Click here to learn more. Join Fitch Rating upcoming Webinar: The Highs and Lows of Private Credit Defaults and Recoveries The lender-sponsor partnership, a hallmark of the private credit segment, may result in a structurally higher default rate compared to the broader leveraged loan universe…. Subscribe to

Subscribe to Read More
Already a member? Log in here
The Pulse of Private Equity – 3/17/2025

Published by on

Identifying likely buyout take-private targets Download PitchBook’s Report here. Since the inception of the buyout strategy in the 1980s, buyout managers have maintained a core playbook: At a reasonable price, invest in relatively small, underperforming companies that still generate enough free cash flow (FCF) to service an increased debt burden…. Subscribe to Read MoreAlready a member?

Subscribe to Read More
Already a member? Log in here
PDI Picks – 3/17/2025

Published by on

Measuring the pain points Liquidity and exits loomed large in our survey of LP and GP concerns. An exclusive PEI survey of more than 100 LPs conducted ahead of our NEXUS 2025 event revealed seven main pain points in the LP-GP relationship ranging from liquidity and exit challenges through to fees and expenses…. Subscribe to

Subscribe to Read More
Already a member? Log in here
Private Credit in a Post-Rate World (Fourth of a Series)

Published by on

The proponents and beneficiaries of private capital have long recognized its virtue of being less correlated with headline risk than fixed income and public equities. But one of Covid’s most enduring financial legacies was the higher interest rate regime imposed by the Fed in 2022. While it appears their long-sought soft landing was achieved, more…

Subscribe to Read More
Already a member? Log in here
High Five – 2025 Outlook (Last of a Series)

Published by on

This week we conclude our series on the private capital outlook for the year ahead with our fifth theme: “A breath of fresh air: Investing and fundraising in 2025.”  As private capital’s virtuous cycle sets in motion, 2025 should present plenty of attractive investment opportunities across the capital stack. For senior debt investors, the direct […]