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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.
Covenant Trends - 11/6/2017
Percentage of Loans with Maturity or Acquisition-Related MFN Carveouts (2017) Contact: Steven Miller
Investors have increasingly warmed to riskier issuers since 2016
Since the second half of 2016, investors have increasingly gotten more comfortable with riskier names. According to the Flex Factor,…
US-Canada PE activity rising, despite politics
Download PitchBook’s Report click here. Cross-border private equity activity remains high in Canada, despite trade-related fears at the onset of…
The Price is Lite
Bid levels for all covenant-lite loans have risen to 98, the highest in over two years.
Lead Left Interview - Tim Hopper (Part 2)
This week we continue our conversation with Tim Hopper, founder of Macro Fund Advisors. Previously Tim was managing director and…
Private Debt Intelligence - 11/6/2017
US-Focused Mezzanine Funds [wpdm_package id=’15066′] After a record year for US-focused mezzanine fundraising in 2016, 2017 has seen a significant…
Loan Stats at a Glance - 11/6/2017
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Markit Recap – 10/30/2017
Venezuela – are we close to default? Waiting for a default on Venezuela’s bonds has been like waiting for Godot.…
Many BDCs still struggling to trade at book value and higher
Investors are getting ready to parse through a slew of BDCs earnings, which will be released this week. Last quarter,…
State of the Loan Market (First of a Series)
The French are running out of butter. C’est impossible! Bad weather, falling milk production, and revived global demand for the…
Covenant Trends - 10/30/2017
Percentage of Deals with MFN Dollar-Capped Carveouts Contact: Steven Miller smiller@covenantreview
According to Gap
The growth of all leveraged loans has failed to keep up with the combined buying capacity from loan mutual funds and CLOs.
PE’s growing influence on M&A
Download PitchBook’s Report click here. Private equity holdings now make up 11% of all target companies in the M&A market.…







State of the Loan Market (Second of a Series)
The backdrop for US credit got a boost from several corners last week. First, the nomination of Jerome Powell to…