Covenant Trends – 3/26/2018
Average Adjustments for EBITDA Reconciliation, M&A-Related Loans Contact: Steven Miller
TheLeadLeft
Spotlight on Healthcare – A Special Industry Report (Second of a Series)
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…
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Chart of the Week: Patient Capital
Last year’s volume of financings for middle market healthcare buyouts almost matched 2012’s post-credit crisis record.
Lead Left Interview – Brad Raymond (Part 2)
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 –…
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PDI Picks – 3/26/2018
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…
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Debtwire Middle-Market – 3/26/2018
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 – 3/26/2018
☞ Click for a larger image.
Loan Stats at a Glance – 3/26/2018
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Private Debt Intelligence – 3/26/2018
Private Debt Fund Managers Are Optimistic Despite a Challenging Market As the private debt industry has matured, issues that have historically affected other alternative classes – high valuation and increased competition for transactions – have become increasingly prominent concerns. Almost half (49%) of private debt managers cite valuations as a key challenge facing the industry…
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