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The Pulse of Private Equity - 4/30/2018

Middle market update Download PitchBook’s 1Q 2018 US PE Middle Market Report click here. Somewhat predictably, middle-market PE activity got off to a healthy start this year. About $54 billion was invested in Q1, down from a very strong Q4 2017 (almost $87 billion). First quarter numbers often decline from fourth quarter finales as investors…

PDI Picks – 4/30/2018

Two market views Managers may be putting resources and strategies behind a bearish view of the market. Senior debt and distressed debt fundraising totals were neck and neck in the first quarter, according to PDI fundraising data. Private debt funds closed on $37.1 billion in the first quarter, and those targeting the top of the…

Leveraged Loan Insight & Analysis - 4/30/2018

U.S. middle market loan pipeline reaches a new height The latest U.S. middle market pipeline figure hit US$6.1bn marking the highest level it has reached since Thomson Reuters LPC started tracking mid-market pipeline stats last year. Lenders in the middle market have said they have kept busy and the pipeline number backs this up. Helping…

Debtwire Middle-Market – 4/30/2018

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…