Primary leveraged yields tighten slightly so far in 4Q17 Yields have declined slightly in 4Q17 despite an increase in the Libor component. The average yield, assuming a three-year term to repayment is at 5.07% so far in 4Q17; slightly below the 5.16% recorded in 3Q17. Holding up the yields is the increase in the 3-month…
In what was the highest price ever paid for a painting, Leonardo da Vinci’s “Salvator Mundi” sold last week for $450.3 million at a Christie’s auction, beating by a wide margin the $179 million forked over two years ago for Picasso’s “Les Femmes d’Alger.” The price tag also topped the entire building cost of New…
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
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…
The average buyout price in the overall market has shrunk by $500 million so far this quarter, though it’s up as a multiple of ebitda.
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This week we continue our conversation 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…
Private Debt Deals Completed in Q3 2017 The private debt industry saw 217 deals recorded in Q3 2017, worth $16.9bn This brings Q1-Q3 2017 total private debt deal activity to 580 deals completed, worth an aggregate $83.2bn. In contrast to Q3, Q2 saw 215 private debt deals, which had an aggregate worth of $45.3n. While…
Percentage of Loans with F&C Growers Contact: Steven Miller