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Debtwire Middle-Market – 10/28/2024

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Source: VanEck BDC Income ETF, BofA Merrill Lynch US High Yield Effective Yield The blue line in the chart is the current dividend yield of the *VanEck BDC Income ETF (currently at 11.1% as of 28 October) that tracks the overall performance of publicly traded business development companies (BDCs, are lenders to privately held middle-market…

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Middle Market & Private Credit – 10/28/2024

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Record U.S. BDC Unsecured Debt Issuance Helps Address Refinance Needs (Part 2) Click here to download report. Since the beginning of September, rated BDCs have collectively issued $4 billion in unsecured debt. Blue Owl Credit Income Corp. accounts for $1.3 billion of this, including a recent AUD450 million Australia dollar-denominated offering…. Subscribe to Read MoreAlready

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Chart of the Week: Who’s The Driest?

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Despite claims of a “too crowded” private debt market, PE dry powder is four times greater. Source: Preqin(Past performance is no guarantee of future results.)

Private Equity Now: The Distribution Dilemma

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Having focused this year mostly on the effects of rates and the economy on private credit, it’s time to turn our attention to private equity. One of the more surprising aspects of conversations around this topic is how PE has taken a back seat to PC, particularly regarding growth and performance of the asset class….

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Covenant Trends - 10/28/2024

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Distribution of Accordion F&C Tranche EBITDA Grower Caps (Q2 2024) (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com

PDI Picks – 10/28/2024

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Investors keen to plug the gap Read PDI’s Report: LP Perspectives 2024 report Read PDI’s Report: LP Perspectives 2024 report Capital allocations can be expected to increase as many LPs seek to back up their faith in private markets with greater commitments. After a fallow couple of years for fundraising (as well as exits and…

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Middle Market & Private Credit – 10/21/2024

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Record U.S. BDC Unsecured Debt Issuance Helps Address Refinance Needs Click here to download report. Record debt issuance by Fitch-rated business development companies (BDCs) in 2024 has improved funding flexibility and is indicative of expansion of the investor base for issuers, Fitch Ratings says…. Subscribe to Read MoreAlready a member? Log in here...

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