TheLeadLeft

Chart of the Week: Steady as She Goes

Published by on 0

Middle market direct lending spreads per unit of leverage consistently higher than large caps. Source: LSEG LPC(Past performance is no guarantee of future results.)

Debtwire Middle-Market – 6/3/2024

Published by on

A shift to online purchases contributed to lower sales in physical stores During recent years, the surge in online shopping contributed to the struggles faced by numerous brick-and-mortar retailers. Online purchases spiked to 15.7% of all retail sales during the COVID-19 pandemic, when a lot of retailers had to close their stores. The share of…

Subscribe to Read More
Already a member? Log in here
Best Practices in Private Credit (Last of a Series)

Published by on

We’ve spent the last six weeks outlining best practices top direct lenders employ so portfolios generate the highest returns complemented by the lowest risk. Nevertheless, stuff happens. In fact, we count on stuff happening. You need to be prepared to deal with those eventualities. Workout fatigue is a real thing. It’s tempting to dismiss businesses […]

Private Debt Intelligence - 6/3/2024

Published by on

Distressed debt leads Preqin’s performance forecasts Preqin forecasts that returns from private debt will remain steady up to 2028 at 9.8% per annum (a drop of just 0.1% from the 2019-2022 period). Direct lending returns are forecast to drop to 7.3% for 2022-2028, down from 8.6% for 2019-2022, reflecting a focus on more conservative loans…

Subscribe to Read More
Already a member? Log in here
Where We Are (Third of a Series)

Published by on

Our keynote opening remarks at the 3rd Annual Sahar Private Credit Conference last week highlighted themes this special series has been developing. In particular, we delineated the distinction between demand in liquid credit, as driven by CLO capacity, and that of private credit, determined by availability of dry powder from direct lenders.  On the supply…

Subscribe to Read More
Already a member? Log in here