Pure middle market LBO activity slumped during the 1Q 2016, while add-ons were a greater share of M&A loan volume. Quarterly Middle Market LBO and Add-on Loan Volume Source: Thomson Reuters LPC 2Q MM Investor Outlook Survey
98% of U.S. PE Funds Closed in Q1 Either Hit or Exceeded Target In the first quarter of 2016, 71 U.S. PE funds closed on a total of $51.8 billion in capital commitments. Of those 71 vehicles, no less than 98% either hit or exceeded their target. This proportion is unprecedented, even by the standards…
Contact: Timothy Stubbs timothy.stubbs@spcapitaliq.com
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Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Investors embrace long dated corporate bonds Investors have been loading up on relatively higher yielding long term corporate bonds, in spite of the asset class seeing its average credit rating decline in recent years. Long dated corporate bond ETFs have seen $90m of inflows ytd, over twice the 2015 total BBB bonds make up 47%…
With the first quarter of 2016 in the books, we kick off the second with a look at our Chart of the Week. Our content partners at Thomson Reuters LPC report middle market activity with sponsors slumped to $7.3 billion – the lowest level since 2010. Anecdotally mid cap lenders confirm this trend. “We’re pretty…
Middle market loan activity with sponsors during the first quarter has slowed to a six-year low. Quarterly Sponsored Middle Market Loan Volume Source: Thomson Reuters LPC 2Q MM Investor Outlook Survey
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