Posts by THE LEAD
Relative Value in the Loan Market (Part One of Two)
In our series on portfolio construction [link] we looked at how liquid and illiquid loan managers assemble quality all-weather assets.…
Read MoreSpreads Move, Premium Persists
The illiquidity premium for middle market loans is a staple regardless of how spreads change.
Read MoreSelect Deals in the Market – 7/11/2022
Private Debt Intelligence – 7/11/2022
Private debt dry powder at record levels [wpdm_package id=’56946′] Private debt dry powder has climbed to record highs in recent…
Read MoreLoan Stats at a Glance – 7/11/2022
Contact: Marina Lukatskymarina.lukatsky@pitchbook.com
Read MorePortfolio Construction: How PE Help
Many direct lenders only finance businesses backed by private equity sponsors. While non-sponsored strategies have benefits, the presence of an…
Read MoreWhy Portfolio Construction Matters (Last of a Series)
“Broadly syndicated loans are liquid, so have high volatility that exaggerates credit deterioration,” one market observer told us recently. “The…
Read MoreMidcaps Earn More
The middle market illiquidity premium persists for all but the briefest volatile periods.
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