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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.
Blending Club
First-lien/mezz is the costliest capital structure for sponsors; unitranche is coming down.
Average Unadjusted Leverage Through F&C for M&A-Driven Loan Deals
Contact: Steven Miller
Private Debt Intelligence - 11/18/2019
Direct Lending Fundraising Recovers [wpdm_package id=’30105′] Private debt fundraising kept decreasing in 2019, driven by a fall in mezzanine and…
Where’s the Line Between Senior Stretch and Unitranche?
This week we fearlessly tackle one of the most frequently asked questions in private credit: Namely, where do you draw…
Loan Stats at a Glance - 11/18/2019
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
The Haves and Have-Nots in Leveraged Loans
Issuers in leveraged lending today are divided into three categories: the haves, the have-nots, and the wish-they-hads. With about six…
BDC leverage on the rise, one tool to combat falling Libor
After peaking in December 2018 at over 2.8%, 3-month Libor has since fallen to 1.9% and BDCs are reporting lower…
PE’s tech infatuation
Download PitchBook’s Report here. Tech-focused dry powder has almost doubled since 2016. The latest returns data available is through March of…
Stretch Marks
Leverage for middle market unitranches has matched first-lien large cap leverage.
Higher rated loan repricing volume jumps
Source: Debtwire Par Institutional loan repricing activity jumped sharply in October to USD 13.9bn, exceeding the combined USD 8.6bn recorded…
Private Debt Intelligence - 11/11/2019
Women in Private Debt [wpdm_package id=’29876′] The number of women that are working in alternatives has increased compared with two…








Finding the Line: Senior Stretch vs. Unitranche (First of Two Parts)
On a fourteen-hour flight from Seoul, we sat next to the head of a very successful private credit shop. Besides…