Chart of the Week

First quarter activity in the non-syndicated middle market slowed, but less sharply than for syndicated deals. Club/Private Middle Market Issuance…

Secondary loan prices have edged up since year-end, on increased investor confidence and lack of new supply. Leveraged Loan Bid…

With purchase price multiples high, sponsors have sold or taken public more than 2500 portfolio companies since 2014. Quarterly US PE…

Pure middle market LBO activity slumped during the 1Q 2016, while add-ons were a greater share of M&A loan volume.…

Middle market loan activity with sponsors during the first quarter has slowed to a six-year low.            Quarterly Sponsored Middle…

Distressed debt and special situations funds show somewhat higher returns than direct lending funds, but carry significantly higher credit risk.…

European debt funds have $28.8 billion in dry powder dedicated to direct lending; private equity has almost five times that…

Fundraising for sixteen direct lending funds last year totaled just shy of $19 billion, nearly doubling the average 2014 fund…

Last summer’s market volatility in the US caused loan prices to plummet, attracting attention from European loan buyers. Source: S&P…

By 2002 the share of US leveraged loans by institutional investors had surpassed 60%; it took Europe twelve more years…