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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.
Private Debt Intelligence - 3/9/2020
The Rise of Asian Private Debt [wpdm_package id=’32927′] A growing middle class in Asia has inflated demand for private debt.…
Average EBITDA Adjustment Cap for Synergies & Cost Savings (Sponsored vs. Non-Sponsored)
Contact: Steven Miller
Coronavirus and private equity
Our 2020 PE predictions did not include a potentially global pandemic, which continues to roil the markets. It’s impossible to…
Is this the macro event that will drive distressed?
With Covid-19 spreading to more countries around the world, the climate for businesses is changing fast. Fund managers at the…
Loan Stats at a Glance - 3/9/2020
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
February new issues soften; March is a guessing game
February’s tally of direct lending loans softened to 57, from 73 in January, according to Direct Lending Deals. The decreased…
As deals get pulled from the market, US institutional loan pipeline sinks under US$14bn
Behind a weakening primary loan market impacted by fears of the spread of coronavirus, the US institutional loan pipeline sank…
Private Credit Myth #7: Recoveries will be worse than 2009
We turn to #PrivateCreditMyth #7: “Recoveries will be worse than 2009.” This idea comes from the prevalence of record high…
The ups and downs of secondaries
Download PitchBook’s Report here. Last week we highlighted our new analyst note on extended holding periods. Now available, the note dives…
Private Debt Intelligence - 3/2/2020
First-Time Private Debt Funds Struggle to Raise [wpdm_package id=’32733′] First-time fund managers have struggled to raise capital in what has…
All Relative
Senior direct loans in BDCs have maintained a steady 10% yield, better than high-yield bonds.







Top Ten Myths About Private Credit (Last of a Series)
Myth #9: “Without a public benchmark, private credit returns aren’t dependable” Private credit assets are illiquid, and don’t trade. That…