Besides the Annual LSTA Conference, the other recent industry gathering of note was the Creditflux CLO Conference in NY. The focus here was trends in structured finance, from both issuer and investor perspectives. Collateral loan obligations, as we’ve covered in a special series [link], represent the majority of loan buyers in the broadly syndicated market….
Collateralized loan obligations are still hold the majority of leverage loans, with separate managed accounts on the rise.
The middle market keeps growing Download PitchBook’s Report click here. Middle-market PE activity continued unabated in 3Q. $233 billion has been invested in the MM across 1,652 deals this year, according to our recently released 3Q 2017 Middle Market Report, and the fourth quarter should help push 2017 figures past last year’s, with at least…
Average Free-and-Clear as a Multiple of Pro Forma Adjusted EBITDA M&A-Related Deals Contact: Steven Miller
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 comprises of more…
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Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
This week we chat with Daniel Winick, a partner in the banking and finance group of Clifford Chance US LLP, and Andrew Young, a senior associate in the same group. Their practice includes representing sponsors, corporates, lenders and participants in multijurisdictional leveraged and other finance transactions. Clifford Chance is a multinational law firm that is…
Direct Lending Sees Record Fundraising Private debt fund managers have experienced increased fundraising success, and the direct lending industry has especially benefitted from high levels of fundraising activity in recent years. Direct lending has already seen record fundraising levels in 2017, and aggregate capital raised in the year has already surpassed the capital raised in…