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Business of Private Credit: Coming Home
Much attention has been paid to the suitability of Matt Damon in the lead role as the wily Odysseus in this summer’s Christopher Nolan blockbuster.
Private Debt Intelligence - 5/22/2017
US Direct Lending Funds Approach $100bn in AUM [wpdm_package id=’12634′] The direct lending market in the US has been growing…
Middle market lenders struggling to find yield in 2Q17
Middle market lenders with a minimum spread requirement of 500bp and above are most likely struggling to find assets in…
Lead Left Interview - David Brackett (Part 2)
This week we continue our conversation with David Brackett, Managing Partner and Co-CEO, Antares Capital. Founded in 1996, Antares is…
The Pulse of Private Equity - 5/22/2017
Finishing strong View PitchBook’s 2017 Global PE & VC Fund Benchmarking Report: Part II Here In the prior installment of…
Lite-ing Up
The share of cov-lite middle market leveraged loans is growing relative to larger loans; May’s number is over 60%.
Covenant Trends - Percentage of Deals with F&C Tranche / PF EBITDA >0.9x
Contact: Steven Miller smiller@covenantreview
Loan Stats at a Glance - 5/22/2017
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Leveraged Loan Insight & Analysis - 5/15/2017
BDC performance wavers in May on the back of mixed earnings The upward march of BDC share prices in 2017…
Middle Market Deal Terms at a Glance - May 2017
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Covenant Trends - Average EBITDA Adjustment Cap for Synergies & Cost Savings
Contact: Steven Miller smiller@covenantreview
Two Way Street
“We can do this the easy way or the hard way.” “What’s the hard way?” “It’s harder. It’s harder than…
Lead Left Interview - David Brackett
This week we chat with David Brackett, Managing Partner and Co-CEO, Antares Capital. Founded in 1996, Antares is a premier…
Six is Rich
The share of middle market buyouts leveraged over six times reached all-time high of 40%; large caps over 60%.







The Case for Covenants (Part One)
It’s a fact of life in leveraged lending that terms are market-driven. During periods of excess liquidity – when loan…