Loan Stats at a Glance – 5/1/2017
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
TheLeadLeft
The Pulse of Private Equity – 5/1/2017
Healthy fundraising geared toward US middle market continues to set stage for competition View PitchBook’s 1Q 2017 US PE Middle Market Report Here Pegged for some time now as a potentially more fruitful arena for private equity firms looking for respite from high valuations, the US middle market hasn’t seen as much dedicated, new fundraising…
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Private Debt Intelligence – 5/1/2017
Private Debt Funds in Market by Geography As at the start of Q2 2017, there were 284 private debt funds in market seeking an aggregate $112bn of investor capital. These figures were roughly the same as they were a year previous, when 260 funds were targeting $123bn globally. Europe was the only region which recorded…
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Markit Recap – 4/24/2017
It seemed like Europe breathed a collective sigh of relief after the prospect of a far-right presidency in France receded. The centrist Emmanuel Macron secured victory in the first-round of the French presidential election on April 23, beating National Front leader Marine le Pen into second place. The two will now face each other in…
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Elements of Corporate Risk (Fourth of a Series)
In astronomical terms, it was a close call. Last Wednesday an asteroid almost a mile long passed within 1.1 million miles from Earth. The object, known as JO25 and nicknamed “The Rock,” was visible in small telescopes. “We’re safe,” remarked NASA plantetary defense officer Lindley Johson. ”From this one.” Keeping a sharp eye out for…
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Debtwire Middle-Market – 4/24/2017
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…
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Leveraged Loan Insight & Analysis – 4/24/2017
Share institutional term loans yielding less than 5% drops to 53% in 2Q17 from 68% in 1Q17 Primary yields, while still at low levels, have inched up so far in April. The average primary yield assuming a three year term to repayment on first-lien institutional tranches is 5.03% so far in April, up from 4.61%…
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Covenant Trends – Ratio Type Distribution for Asset Sale Sweep Step-Downs
Ratio Type Distribution for Asset Sale Sweep Step-Downs
Lead Left Interview – Mitch Drucker (Part 2)
This week we continue our conversation with Mitchell Drucker, Managing Director of Garrison Investment Group. Mitch is the head of Garrison’s corporate lending team and is responsible for transaction origination, analysis and execution. He has more than 30 years of experience in the lending business and formerly served in various positions at CIT, presiding over…
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