Private Debt Fundraising in Q3 by Fund Type In Q3 2017, 25 private debt funds closed, securing an aggregate $20bn in capital. Of these, direct lending represented the largest proportion of private debt fundraising, with 10 direct lending funds securing an aggregate $6.7bn. This is a decrease from last quarter when 14 direct lending funds…
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
1-3Q17 Leveraged loan volume sets new record at $994Bn Amid the traditional summer lull, US syndicated loan issuance slowed meaningfully in 3Q17 to push less than $475B through the market and boosting US totals to $1.75T for the first nine months of the year (and additional US$42B of clubbed loans have also been completed so…
This week we chat with Ilan Nissan. Mr. Nissan is a senior partner in Goodwin’s internationally recognized private equity and mergers and acquisitions business. His clients include global alternative asset managers including top tier private equity funds, venture funds, venture capital funds, bank holding companies, hedge funds and family offices. In addition to his work…
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…
Average Free-and-Clear as a Multiple of Pro Forma Adjusted EBITDA Contact: Steven Miller smiller@covenantreview
Asia-Focused Private Debt Fundraising Picks Up in Q3 2017 Private debt fundraising saw continued momentum in Q3 2017, with 25 funds reaching a final close and securing a total of $20bn in investor commitments. This is largely on par with fundraising activity seen in Q2 when 32 funds closed and raised a little under $20bn….
☞ Click for a larger image.
Our story last week of the hundred-year old fruitcake captured readers’ attention. Tributes to this underappreciated treat poured into the Lead Left mailbox. “It’s believed there’s only one fruitcake in existence,” one friend wrote. “It gets passed around during the holidays from family to family. Now we all know where it came from.” There’s also…