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Business of Private Credit: Coming Home
Much attention has been paid to the suitability of Matt Damon in the lead role as the wily Odysseus in this summer’s Christopher Nolan blockbuster.
Private Debt Intelligence - 6/22/2020
Distressed Debt Funds are on the Raise [wpdm_package id=’35682′] The private debt market is very crowded and, although direct lending…
Direct Lenders: What’s been your primary source of investment opportunities so far in 2020?
Is distressed best for LPs?
Fundraising targeting troubled companies is gathering pace, with surveys suggesting investors are keen to jump on board. “We estimate that…
Percentage of Loans with F&C Tranche / Pro Forma EBITDA >0.9x (All Deals)
Contact: Steven Miller
Loan Stats at a Glance - 6/22/2020
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
Add-ons appear healthy
Download PitchBook’s Report here. At the outset of the quarantines, at least one market observer—yours truly—believed add-ons would hit the pause…
US CLO portfolios: average loan trades fell 7 to 13 points in March and April
In the wake of the spread of COVID-19, as secondary loan prices plummeted, average US CLO portfolio trade prices fell…
May 2020: U.S. Direct Lending UOP
After outpacing M&A add-on activity for the past six months, LBOs fell in May, to a 28% share of direct…
High-Yield and Private Credit
In our just-completed series on high-yield bonds, we concluded that issuer and investor activity has largely been driven by technical…
Private Debt Intelligence - 6/15/2020
The Private Debt Market Remains Crowded [wpdm_package id=’35477′] The private debt market remains crowded amid COVID-19. As at 15th of…









High Yield Bonds and Private Credit (Second of Two Parts)
“Time to go to cash,” we announced one night at the dinner table. It was early June. The Dow had…