Fewer managers collecting more of the capital Private credit vehicles seeking capital fell from the record level reached in the first half of 2017. The number of private debt funds raising money has fallen slightly from a record number at the middle of last year but it remains strong; as of 31 March, there were…
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Has contagion returned to the eurozone? Bismarck said politics was the art of the possible. Holders of sovereign bonds issued by eurozone peripherals will be hoping this aphorism applies to Italy’s incoming government. A populist coalition formed of the anti-establishment Five Star Movement and the right-wing League, which looks set to form a government, seemed…
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…
This week we continue our conversation with Rod Rivera and David Baker, Managing Directors at Capstone Headwaters. Capstone Partners LLC and Headwaters MB, LLC recently announced a strategic transaction combining the two firms. This single platform has 150 professionals, covering 16 dedicated industry groups, spanning 20 offices across the US, UK and Brazil. This combination…
There’s a way to go before rates reach the levels attained just before the credit crisis.
Women Account for Less than a Fifth of Private Debt Employees The lack of female representation in alternative assets has come under increasing scrutiny in recent years, as women account for less than a fifth of employees in firms across all alternative asset classes. When looking at the representation of women in different levels seniority,…
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
BDC share prices rebound, returns turn positive YTD After showing a declining trend over the last year, BDC share prices are back on the mend this earnings season. The average share price to net asset value per share saw a sharp uptick last week to 0.902 times, up from 0.86-0.87 times in April. As a…