LevFin Insights: High-Yield Bond Statistics – 6/18/2018
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
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Debtwire Middle-Market – 6/18/2018
Source: Cliffwater Direct Lending Index and BofA Merrill Lynch US High Yield Effective Yield The red line in the chart is the *Cliffwater Direct Lending Index (CDLI) current yield, which is based on the investment income of the underlying assets held by public and private BDCs. BDCs invest in middle market companies, and the Index…
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Select Deals in the Market – 6/18/2018
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The Pulse of Private Equity – 6/18/2018
Is PE performance persistent? Download PitchBook’s Report click here. “Past performance does not guarantee future results.” Finance professionals have probably read that boilerplate disclosure so many times they may not even notice it anymore. And while that phrase has arguably reached truism status, there is a residual belief that past performance is relevant to future…
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Leveraged Loan Insight & Analysis – 6/18/2018
U.S. buyout activity keeps up the lively pace, boosting LBO issuance Leveraged buyout activity has been keeping up a lively pace this quarter helping to drive LBO loan issuance higher. So far this quarter there has been US$23.9bn in completed LBO issuance, on par with 1Q18’s total of US$24.7bn. This will be the seventh consecutive…
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Covenant Trends – 6/18/2018
Percentage of Deals with Initial Adjusted Leverage of 7x or Higher Contact: Steven Miller
Squeezed in the Middle
It’s ironic. Just as the economy seems to be picking up steam and the Fed is ratcheting up rates to stay ahead of inflation, the prospect of additional tariffs and trade wars risks putting a damper on the whole party. A recent survey of middle market dealmakers by Antares Capital (and featured by our friends…
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Chart of the Week: Freight Forward
M&A loan volume for the current quarter is on par with last quarter’s activity; share of buyouts down from a year ago.
Lead Left Interview – Peter Magas (Part 2)
This week we continue our conversation with Peter Magas, managing director at Beecken Petty O’Keefe and Co. Peter joined BPOC in 2008. He serves or has served on the board of Absolute Dental, Hospital Physician Partners, ISG Holdings, Medical Solutions and Paragon Medical. Founded in 1996, BPOC ranks among the country’s oldest private equity management…
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