Covenant Trends – 4/16/2018
Percentage of Loans with F&C Tranche Growers Contact: Steven Miller
TheLeadLeft
The Pulse of Private Equity – 4/16/2018
Buy, build, repeat Download PitchBook’s report click here. The buy-and-build strategy has largely displaced private equity’s early playbook, which relied on financial engineering and ambitious leveraging to generate profits. To be sure, add-ons have been in PE’s playbook even before the crisis, though to a much smaller degree…. Subscribe to Read MoreAlready a member? Log
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Chart of the Week: Bidridden
Trading levels of liquid healthcare loans have been down relative to the overall market this year.
Private Debt Intelligence – 4/16/2018
Direct Lending Fundraising Drops in Q1 2018 The private debt industry saw record year in 2017 in which 156 funds raised an aggregate $115bn. Q1 2018 however, has seen a slowdown in fundraising levels – just nineteen private debt funds reached a final close, raising a combined $14bn. Direct lending in particular saw a decrease…
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Loan Stats at a Glance – 4/16/2018
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
PDI Picks – 4/16/2018
Does size matter? Ask managers, and they’ll say yes. The rush toward credit continues; as the asset class keeps growing, the average fund size has grown with it. In the first quarter of the year, the average private debt fund size stood at $1.25 billion, larger than last year’s four-quarter average of $1.02 billion and…
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Select Deals in the Market – 4/16/2018
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Lead Left Interview – Bram Smith and Lee Shaiman
In February, LSTA EVP Meredith Coffey sat down with the outgoing LSTA Executive Director Bram Smith and the incoming LSTA Executive Director Lee Shaiman to discuss the last 10 years … and what is on deck for the next 10. MC: Bram, you joined the LSTA as Interim Executive Director on Sept. 2, 2008, just…
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State of the Capital Markets – First Quarter 2018 Review and Second Quarter 2018 Outlook
Review of Current Market Conditions/ Analysis of Capital Markets Metrics/ Review of Credit Quality/ Outlook for Second Quarter 2018
Markit Recap – 4/9/2018
Risky assets are often beholden to perceptions of geopolitical risk, though in recent times it has been a minor factor. Perhaps that is about to change. The conflict in Syria has taken a terrible twist that threatens to draw the major western powers into a conflict with Russia, with concomitant negative effects on credit markets….
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