Covenant Trends – 5/7/2018
Distribution of MFN Maturity Carveout Lengths Contact: Steven Miller
TheLeadLeft
The Pulse of Private Equity – 5/7/2018
Buy-and-grow Download PitchBook’s 1Q 2018 US PE Middle Market Report click here. As technology continues to upend market after market, private equity has shifted its focus from the bottom line to the top line. The onus to create value, in other words, relies more on revenue growth today than it has in the past…. Subscribe
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LevFin Insights: High-Yield Bond Statistics – 5/7/2018
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Spotlight on Healthcare – A Special Industry Report (Last of a Series)
We close our special healthcare series with a discussion of risk. “Increased risk is one of the primary concerns we consider,” said Rod Rivera, managing director in Capstone Headwaters’ healthcare practice. “The world of healthcare, as you’ve been detailing, is changing. All the subsectors that have great CEOs and built the best platforms are asking,…
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Lead Left Interview – Andrew Welch (Part 2)
This week we continue our conversation with Andrew Welch, managing director, Revelstoke Capital Partners. Revelstoke is a middle market private equity firm headquartered in Denver that focuses on building industry-leading companies in the healthcare and related business services sectors. The firm has about $1.0 billion of assets under management and, since the firm’s inception in…
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Select Deals in the Market – 5/7/2018
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PDI Picks – 5/7/2018
The decline of global distress? Investors are flocking to North America, particularly for distressed debt; the geography made up an outsized portion of the total capital raised for the strategy in the first quarter. The fundraising pendulum may be swinging back to North America, as we wrote several weeks ago, and that shift is particularly…
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Debtwire Middle-Market – 5/7/2018
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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Private Debt Intelligence – 5/7/2018
North America Dominates the Distressed Debt Market The distressed debt market in North America remains the largest globally: 75% of all distressed debt funds raised since 2015 have been primarily focused on the region, amounting to an aggregate $73bn in capital secured. Following similar patterns seen in the overall private debt universe,… Subscribe to Read
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