Looking ahead: PE’s near-term outlook Download Related Report click here. Private equity has enjoyed a historically long business cycle alongside historically low interest rates. With high multiples and lots of dry powder floating around, today’s market bears some resemblance to 2005-2007, but not too much. The latest crop of funds (2016 vintages and later) will…
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Primary leveraged yields widen across the board due to rising Libor rate The increase in Libor rates has boosted yields on institutional term loans this quarter. The average yield, assuming a three-year term to repayment is at 5.42% so far in 1Q18; up from 4Q17’s 5.02%. Driving up the yields is the increase in the…
Average Adjustments for EBITDA Reconciliation, M&A-Related Loans Contact: Steven Miller
We continue our special series on healthcare with a look this week at how the sector is playing out in the capital markets. (See also our Lead Lead Spotlight with Brad Raymond, Head of Investment Banking at Stifel Financial). As we covered last week, healthcare benefits from tailwinds unique to the industry. Those characteristics have…
Last year’s volume of financings for middle market healthcare buyouts almost matched 2012’s post-credit crisis record.
This week we continue our conversation with Brad Raymond, Head of Investment Banking at Stifel Financial. Stifel provides strategic advisory services globally, as well as raising public and private debt and equity. Clients are served by more than 400 bankers at Stifel and its owned companies including KBW and Miller Buckfire. Second of two parts –…
Let’s get real Plenty of firms lend against cash flows. Isn’t it better to lend against something you can see and touch? Fundraising for real estate as an asset class is falling. But fundraising for real estate debt is increasing, according to data from Private Debt Investor sister publication PERE. You can see it in…
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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