Posts by LSEG
US$7.6bn of new issue US CLOs priced in August
US CLO new issue volume was US$7.6bn in August, down from US$11.5bn in July and down from US$19.2bn priced in…
Read MoreBlackstone Private Credit Fund continues to grow
Perpetual-life BDCs continue to pull in money, with these funds accounting for the majority of recent growth in the BDC…
Read MoreBDC loan valuations shift lower in recent filings
The fair value of BDC debt investments declined in 2Q22, driven by credit spread widening across the broader markets as…
Read MoreThe healthcare sector led sponsored MM lending in 1H22
Overall sponsored middle market lending activity (comprised of both direct lending and syndicated volume) was robust again in 2Q22, climbing…
Read MoreMiddle market unitranche leverage declines in 2Q22
Leverage on middle market unitranche loans tightened to 5.57x in 2Q22, its lowest level since 3Q20, as it continued to…
Read MoreUnitranche minimum spread threshold shifts up
One of the main themes of the loan market in 2Q22 was the disconnect between the broadly syndicated loan market…
Read MoreSyndicated middle market loan volume climbs in 2Q22 but lags year-ago period
Syndicated middle market issuance picked up in 2Q22 despite increased market volatility in May and June. Middle market lending climbed…
Read More1H22 Leveraged volume down 31%; HY bonds off 75%, institutional loans down 61%
The US leveraged market dramatically slowed in 2Q22, completing just over US$292bn of loan and high yield bond volume to…
Read MoreWhat level will perpetual-life BDCs AUM reach by year-end 2022?
Perpetual-life BDCs, though few in number, have accounted for the bulk of growth in BDC assets under management (AUM) this…
Read MoreBDC portfolio company earnings outlook for 2022 weakens
The outlook for BDC portfolio company earnings has weakened in recent months, according to the Refinitiv LPC BDC Outlook June…
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