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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.
Loan Stats at a Glance - 5/27/2019
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
EBITDA Addbacks: Percentage of Loans with Uncapped Synergies & Cost Savings
Contact: Steven Miller
Public versus private
The private equity industry has matured quite a bit over the years. The most visible marker is the handful of…
Private Debt Intelligence - 5/20/2019
Distressed Debt Funds Stall in 2019 [wpdm_package id=’25406′] Distressed debt has long been a major component of the private debt…
North American private credit market: sponsored by private equity
The fates of the two asset classes are largely intertwined and the deluge of private equity capital bodes well for…
BDC returns superior so far in 2019
BDC share prices are on a tear in 2019. The Wells Fargo BDC Index has delivered a stunning +18.0% return…
Share of cov-lite loans slips in 2019, but remains the market standard
Source: Debtwire Par, Xtract Research After reaching a high in the 80% area in 2017 and 2018, the covenant-lite share…
Covenantive Easing (First of a Series)
Much attention was paid over the past few weeks to a dramatic series highlighting the struggle between two powerful forces,…
Going Direct
Two-thirds of all middle market LBOs are being financed by direct lenders, from zero in 2013.
Loan Stats at a Glance - 5/20/2019
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Why are add-ons getting so much bigger?
Download PitchBook’s Report here. The median add-on size almost doubled in the span of two years. The $41 million median seen…








Covenantive Easing (Second of a Series)
Growing competitiveness in the buyout market is resulting in a variety of pressure points being applied by private equity sponsors…