Chart of the Week

By 2002 the share of US leveraged loans by institutional investors had surpassed 60%; it took Europe twelve more years…

While their share of European leveraged loans has steadily dropped to 31%, banks are still about where they were pre-crisis.…

The volume of institutional leveraged loans in the US is over six times as large as that of Europe on…

The pipeline for institutional middle market loans is off to a slower start compared to last year, as sellers take…

Purchase price multiples continue to march higher for middle market buyouts as competition remains keen among private equity buyers. Source:…

Investor confidence in publicly traded business development companies has eroded valuations markedly. Source: The Daily Shot

Leverage declined modestly, though almost two thirds of 4Q deals were 6x total leverage or higher. US Middle Market Leverage…

CLO formation last year totaled $93 billion, off 2014’s record $124 billion, as managers wrestle with risk retention. US CLO…

Loan issuance of just under $30 billion for middle market leveraged transactions was at its lowest point since 2010. Annual…

Leverage for all US corporate issuers is headed to levels where previous default cycles began. Source: The Daily Shot, Bloomberg…