Posts by THE LEAD
Lead Left Interview – Eric Green and Mark O’Keeffe
This week we chat with Eric Green and Mark O’Keeffe of Muzinich and Co. Muzinich is a global institutional asset…
Read MorePrivate Debt Intelligence – 2/6/2017
Private Debt Funds in Market by Strategy
After two consecutive years of private debt fundraising exceeding $90bn, the pipeline remains strong with investor appetite for the asset class as strong as ever. In total, there are 288 private debt vehicles marketing themselves to investors, targeting a combined $117bn of capital commitments.
Direct lending funds represent the highest proportion of both total funds on the road and aggregate target capital; 127 funds (44%) are seeking $51bn (43%)…
Read MoreNew Money
The volume for “new money” loans jumped last quarter (and last year) for both syndicated and privately clubbed middle market transactions.
Read MoreLoan Stats at a Glance – 2/6/2017
Contact: Blake Udland Blake.Udland@spglobal.com
Read MoreMarkit Recap – 1/30/2017
Many market commentators have commented that 2017 will be the year of political risk. Ongoing uncertainty around Brexit, Donald Trump’s inaugural year as US president and a series of elections in continental Europe make conditions ripe for bouts of volatility.
This may be self-evident, but so far the credit markets are taking little heed. Realised volatility in the Markit iTraxx Europe, as measured by the VolX index, dropped sharply in Q4 and has remained around the 28-29% level this year. Indeed, the last three months have been the longest period of low volatility since March 2007, when the first signs of the US sub-prime crisis emerged. It was a similar story with the Markit iTraxx Crossover…
Read MoreStat of the Week: Real Median US Household Income
Select Deals in the Market – 1/30/2017
☞ Click for a larger image.
Read More2017 – A Look Ahead (First of a Series)
If we learned one thing in 2016, it was that predictions of many sorts went awry. From national departures from…
Read MoreLead Left Interview – Michael Ewald (Part 2)
This week we continue our conversation with Michael Ewald. Michael is a Managing Director, the head of the Private Credit…
Read MorePrivate Debt Intelligence – 1/30/2017
Private Debt Fundraising by Geographic Focus
Preqin’s latest data finds that through 2016, 130 private debt vehicles reached a final close raising a combined $92bn in another strong year of fundraising for the asset class. However, the year also saw greater capital concentration in the more developed markets of North America and Europe as managers looking to invest in Asia and Rest of World struggles to attract the same levels of capital…
Read More