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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 Credit Myth #9: Without a public benchmark, private credit returns aren’t dependable
We wrap up special series on the Top 10 #PrivateCreditMyths with the last two. Myth #9: “Without a public benchmark,…
Pick Up VIX
The VIX index of volatility hit a post-recession high in the 40’s this week amid coronavirus concerns.
HY bond and leveraged loan volatility surges in face of coronavirus fears
Source: Debtwire Par, Markit, ICE BofA High yield bond and leveraged loan volatility has surged in the last three weeks.…
Private Debt Intelligence - 3/9/2020
The Rise of Asian Private Debt [wpdm_package id=’32927′] A growing middle class in Asia has inflated demand for private debt.…
Average EBITDA Adjustment Cap for Synergies & Cost Savings (Sponsored vs. Non-Sponsored)
Contact: Steven Miller
Coronavirus and private equity
Our 2020 PE predictions did not include a potentially global pandemic, which continues to roil the markets. It’s impossible to…
Is this the macro event that will drive distressed?
With Covid-19 spreading to more countries around the world, the climate for businesses is changing fast. Fund managers at the…
Loan Stats at a Glance - 3/9/2020
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
February new issues soften; March is a guessing game
February’s tally of direct lending loans softened to 57, from 73 in January, according to Direct Lending Deals. The decreased…
As deals get pulled from the market, US institutional loan pipeline sinks under US$14bn
Behind a weakening primary loan market impacted by fears of the spread of coronavirus, the US institutional loan pipeline sank…
Private Credit Myth #7: Recoveries will be worse than 2009
We turn to #PrivateCreditMyth #7: “Recoveries will be worse than 2009.” This idea comes from the prevalence of record high…







The Great Stay-In (First of a Series)
In our January 8th 2020 commentary, “Of Bubbles and Gum”, we reviewed credit market conditions in the wake of the…