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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 Unadjusted Leverage for M&A-Driven Loan Deals
Contact: Steven Miller
Private Debt Intelligence - 12/14/2020
Will Venture Debt go up in 2021? [wpdm_package id=’40743′] Venture debt is a type of debt financing provided to venture…
A New Year’s wish: More of the same
After a tumultuous year, private debt managers are hoping the strategies that have served them well so far will retain…
Loan Stats at a Glance - 12/14/2020
Contact: Marina Lukatskymarina.lukatsky@spglobal.com
SPACs: Colorful blank checks
For Thanksgiving the noted sommelier and “lifestyle director” Sara Lehman reviewed eleven wines – cabernets, pinot grigios and rosés –…
2021 prediction: 20% of buyouts over 20x
A bold prediction coming from our upcoming PE Outlook note: 20% of buyouts will be priced above 20x EBITDA. Our…
Over half of US CLOs report less than 1% of portfolio assets in default
Before COVID-19, 78% of post-crisis US CLOs reported less than 1% of their portfolio in default, 15% reported between 1%…
U.S Direct Lending: Purpose November 2020
Direct lending in November for buyouts surged to 47%, leveling the lopsided pull of add-on acquisitions that had dominated the…
Direct Lenders: What percentage of your portfolio will be on a watch list by the end of 2020?
SPAC Race
SPAC related IPOs are showing higher float rotation on the dates deals are announced.
Private Debt Intelligence - 12/7/2020
The Rise of ESG in Private Debt [wpdm_package id=’40557′] Although private equity funds continue to dominate the ESG opportunity set,…
There may be trouble ahead
Investors have taken comfort from private debt’s response to the crisis, but economic turmoil still lies in wait. There are…







SPACs – A Primer (Part III)
In the spirit of the season, workers unwrapping the Christmas tree at NYC’s Rockefeller Center last month found a little…