Loan Stats at a Glance – 6/4/2018
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Italy ISDA basis – redenomination risk The spread volatility seen in recent days brings back memories of the 2010-2012 eurozone debt crisis. Whether they are fond recollections or not – many investors are no doubt scarred by the experience – in such febrile times observers from all asset classes reach for the CDS toolbox to…
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…
At roughly US$360bn, YTD global M&A loan volume is outpacing year ago totals About US$360Bn of global M&A loan has worked its way through the retail markets so far this year, an increase of 5% over the same time last year. Roughly 76% of deal flow has originated in the Americas which have raised over…
PE Firms Compete More Avidly for Value in Healthcare After steadily climbing over the past several years, the median size of healthcare private equity buyouts across North America and Europe peaked at a remarkable $136.8 million in 2017. Growth investing, meanwhile, has stayed relatively steady throughout the same period. (It should be noted that choppiness…
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Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Asia-Pacific: Down but not out The weak first quarter of fundraising is not necessarily a harbinger of things to come. Fundraising for Asia-Pacific funds in the first quarter was slow – as it has been historically – but the region may be poised to increase its fundraising total, according to PDI data. Across 2016, 2017…
According to a recent WSJ survey of 50 economists, the recovery cycle will likely continue for another two years.