LevFin Insights: High-Yield Bond Statistics – 4/30/2018
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
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Chart of the Week: Bigger Pie
Two years ago US healthcare expenditures totaled $3.3 trillion; rising to $5.5 trillion by 2025.
Spotlight on Healthcare – A Special Industry Report (Seventh of a Series)
We caught up recently with a banker friend – a veteran of the healthcare industry – to ask him for his thoughts on the state of the sector today: “You’ve touched on a key trend in your series,” he told us: “the transition from fee-for-service to fee-for-value. Providers used to be reimbursed for costs incurred…
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Covenant Trends – 4/30/2018
Distribution of Synergies & Cost Savings EBITDA Addback Time Horizons (for Actions Resulting in Addbacks) Contact: Steven Miller
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…
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Select Deals in the Market – 4/30/2018
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Private Debt Intelligence – 4/30/2018
Direct Lending Drives Dry Powder Growth The private debt industry has seen relatively small increases in dry powder (capital waiting to be deployed) in recent years. After spiking by 23% across 2015, annual rises in 2016 and 2017 were just 3% and 7% respectively, with a further 3% rise to the end of April 2018….
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Loan Stats at a Glance – 4/30/2018
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Lead Left Interview – Andrew Welch
This week we chat 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 mid-2013, has…
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