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Private Credit Defaults 101: Back to School
As Labor Day approaches, the unofficial end of summer is upon us. But, before we get too sad, there is also the familiar back-to-school energy.
Average Free-and-Clear as a Multiple of Pro Forma Adjusted EBITDA
(Past performance is no guarantee of future results.) Contact: Steven Miller
Default Lines
Credit estimates, compared to credit ratings, have proven more beneficial to middle market CLO defaults.
Fundraising still lagging – for now
Private debt fund managers are still struggling to attract investor commitments, but the asset class looks well placed going forward.…
Loan Stats at a Glance - 4/19/2021
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
CLOs: The Rebound
By blocking the Suez Canal last month, the Ever Given made headlines, creating a massive shipping traffic jam. Three football…
CLO AUM ends 1Q21 at US$765bn, up 4.7% QoQ
Driven by robust activity in the US CLO market, CLO AUM ended 1Q21 at US$765bn, up 4.7% quarter over quarter.…
Average Minimum Day-One Capped Basket Capacity, YoY
(Past performance is no guarantee of future results.) Contact: Steven Miller
Private Debt Intelligence - 4/12/2021
Direct Lending Targeted in Private Debt Fundraising [wpdm_package id=’44419′] Although Q1 2021 saw a drop in both the number of…
Midcaps on Upswing
While 2020 middle market CLO activity slid from the previous year, 1Q 2021 issuance has revived.
Middle Market Deal Terms at a Glance - April 2021
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
A strong start to the year
Download PitchBook’s Report here. Fourth quarter deal momentum spilled into 2021, resulting in record Q1 numbers for the US PE market.…
The European deal market’s fast rebound
It was a challenging year for new transactions in the region which nonetheless went out with a bang. It was…







CLOs Revisited – Ratings, Risks, and Returns (Fourth of a Series)
Competition in leveraged loans, keen as it is, pales in comparison to the 2021 Mrs. Sri Lanka pageant. Reigning Mrs.…