Chart of the Week: Forward to the Past
The increase in Libor has caused borrowing spreads to contract, though nowhere near levels seen in 2007.
The increase in Libor has caused borrowing spreads to contract, though nowhere near levels seen in 2007.
Private Debt Set to See Record Capital Distributions in 2017 Private debt has seen strong performance in recent years, which has driven the elevated levels of capital distributed back to investors. In fact, private debt funds returned 18.4% in the year to June 2017, and 10.9% in the five years to that point. When looking…
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Eurozone periphery CDS rallies It’s that time of year again when plutocrats and power brokers meet in Davos for the World Economic Forum. In recent years this congregation of the great and the good has had to fend off accusations of being out of touch with ordinary people, perhaps not without reason…. Subscribe to Read
Strong investor demand for institutional loans help issuers flex terms in their favor Continued strong demand for institutional loans has carried into the New Year. Already there has been US$30bn in institutional loan issuance this year. While that is lower than the year-ago level of US$43bn, this year’s number includes more new money issuance. Of…
☞ Click for a larger image.
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Percentage of Loans with F&C Tranche Growers Contact: Steven Miller smiller@covenantreview
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…