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…
Percentage of Loans with an MFN Sunset Contact: Steven Miller
Over the past decade, middle market loans showed better loss rates than broadly syndicated ones.
Investment Consultant Outlook for 2018 There are currently 547 alternative investment consultants globally and of these, 41% provide private debt advisory services to their clients. In November 2017, Preqin conducted a survey of 36 consultants active in private debt to determine their sentiment with respect to the private debt industry…. Subscribe to Read MoreAlready a
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Thomson Reuters financial unit sale marks the largest LBO financing since 2013 Tuesday’s announcement that Blackstone is buying a 55% stake in Thomson Reuters Financial and Risk business in a deal that values the unit at US$20bn makes it the largest LBO deal since 2013. That year saw buyout deals of US$28bn for HJ Heinz…
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Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Software is eating private equity Download PitchBook’s Report click here. The typical hold time for portfolio companies is 5-7 years. As we’ve discussed with the retail sector and others, a lot can change these days in that amount of time. Investors can get caught flat-footed by rapid developments in consumer behavior, energy prices, new legislation,…