TheLeadLeft

Covenant Trends - 9/9/2024

Published by on 0

Distribution of Synergies & Cost Savings EBITDA Addback Time Horizons (for Actions Resulting in Addbacks) (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com

Letter From Milan

Published by on

When it comes to private capital, institutional investors in Italy have an increasing variety of options. Exposure to US private equity, for example. And while specialized strategies have emerged (e.g. venture capital), the focus on established buyout funds has been prevailing. Private equity issuance has been particularly active. For the first quarter of 2024, even…

Subscribe to Read More
Already a member? Log in here
Letter from London (First of a Series)

Published by on

These partnerships are helping to drive the growth of the DC market, which is expected to rise to about £1 trillion by 2030 (according to PLSA). The largest of these plans is estimated to be committing to between 10%-30% in private/semi liquid market strategies. NEST, the largest DC master trust in the UK has stated […]

Chart of the Week: Weakest Links

Published by on 0

The number of negative watch or warning leveraged loan borrowers is declining. Source: PitchBook | LCD; Morningstar LSTA US Leveraged Loan Index (Past performance is no guarantee of future results.)

Back to School

Published by on

Someone once said, “A vacation is what you take when you no longer can take what you’ve been taking.” We reflected on this, returning post-Labor Day this week to a market where investors have been taking a lot so far in 2024. What will the next few months bring? Our fondness for inflection points suggests…

Subscribe to Read More
Already a member? Log in here
Covenant Trends - 9/3/2024

Published by on 0

Percentage of New Issue First Lien Loans that Cleared with a J. Crew Trapdoor (Past performance is no guarantee of future results.) Contact: Steven Miller smiller@covenantreview.com