Nearly half of U.S. CLOs see weighted average bids on underlying assets climb to 97 or higher The upward trend seen in secondary loan bids is mirrored when tracking all the assets held by CLOs in LPC’s Collateral database. Through mid-February, bids on loans held by CLOS had been grinding down in line with other…
This week we chat with Ted Koenig, president and CEO, Monroe Capital. Monroe is and has been a leading provider of senior and junior debt to middle market companies in the U.S. for the last 14 years. The Lead Left: Ted, it’s been a while since you’ve done an interview with us. What’s going on…
Private Debt Performance Spurs Potential Inflows The private debt industry has only become a mainstay of many investors’ portfolios relatively recently, but there is mounting evidence that the returns the asset class is providing for them are spurring investors to allocate ever-increasing levels of capital to the debt market…. Subscribe to Read MoreAlready a member?
PE Still Outperforms in the Long Run The key value-adding proposition of private equity fund managers is that they offer more stable, market-beating, safer returns across longer timelines that of course lead to relative illiquidity. And thus far, PE managers have made good on that value proposition. In addition to tracking vintage PE funds against comparable…
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Contact: Steven Miller smiller@covenantreview.com
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Emerging market economic growth managed to hang on to much of its momentum over August according to the latest release of the IHS Markit Emerging Market Composite PMI index. The August reading indicated that emerging market economies stayed in expansion territory for the third month in a row for the first time since the spring…
Issuers largely continue to win out on flex, but investors are pushing back on riskier credits Similar to previous months, flex activity in August continued along the path of being mostly a borrower friendly market. Thomson Reuters LPC’s Flex Factor scored -0.6 in August, the fifth straight month in issuer friendly land. The Flex Factor…