What goes up must come down With the interest rate environment once more the talk of the town, private credit is hoping for some pressures to be eased. Hot on the heels of our Private Debt Investor New York Forum last week came news that the Fed was slashing rates by 50 basis points…
The size of the Fed’s first rate cut in over four years – 50 bps – surprised analysts. Source: The Daily Shot(Past performance is no guarantee of future results.)
One of the unalloyed joys of our job these days is around Fed meetings. We’ve known for four years this moment would arrive, but the timing and extent of the rate cut kept analysts guessing. And despite countless experts weighing in until the last minute, the Fed’s “big move” caught many by surprise. Not that…
As we head to our end of summer break, let’s reflect on three things that will not change. First, rate expectations are headed lower, beginning next month; likely to include at least one more cut before the end of the year. It’s also clear that pattern will continue into 2025. Second, the economy will continue […]
TTM Default Volume, Count (Past performance is no guarantee of future results.) Contact: Eric Rosenthaleric.rosenthal@kbra.com
Launched Volume Source: LevFin Insights New-issue Yields Source: LevFin Insights Weekly Fund Flows Source: Lipper (Past performance is no guarantee of future results.) Contact: Robert Polenbergrobert.polenberg@levfininsights.com
Percentage of First-Lien Loans Clearing with Key Covenant Terms by Quarter (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com
U.S. MM CLO Spotlight – August 2024 Click here to download report. Defaults and Deferring Marginally Down Fifteen CLOs had exposure to at least one defaulted or deferring issuer at the end of August 2024…. Subscribe to Read MoreAlready a member? Log in here...
PE exit/investment ratio Download PitchBook’s Report here. GPs that have held out for better exit conditions stretched out the median holding period of PE investments, which reached a record of 6.4 years for US PE middle-market assets in 2023…. Subscribe to Read MoreAlready a member? Log in here...
YTD 2024 US repricing volume at over US$300bn Nearly US$310bn of completed US loan volume represents repriced credits so far this year…. Subscribe to Read MoreAlready a member? Log in here...