Do Impairment Indicators Exist?

In analyzing four factors that will likely incur increased audit scrutiny, do patterns emerge that can indicate impairment?

2Q 2022 Update: Middle Market Credit Spreads, Required Returns

Syndicated market activity in 2Q 2022 indicated wider primary and secondary credit spreads as increased volatility trends accelerate.

Mid-Year Deals Update: From a Boil to a Steady Simmer

Heading into the second half of 2022, market participants look to transact before tax code changes, buyers & sellers consider impacts from many exogenous factors.

1Q 2022 Update: Middle Market Credit Spreads, Required Returns

Syndicated markets experienced increased volatility and widening in some secondary markets as capital markets as central bankers tighten policy to combat inflation and the Russian invasion of Ukraine.

Machinery & Equipment Valuations: Understanding the Importance of a Site Inspection

Three machinery & equipment valuation engagement scenarios highlight when a site inspection is required.

Middle Market CLOs: Proven Stable Performance in Volatile Credit Markets

The history and data of collateralized loan obligations show that CLOs, in general, and middle-market CLOs specifically, continue to perform very well through various economic cycles and market shocks.

How Direct Loan Market Participants Are Handling the Handoff from LIBOR to SOFR

SOFR is emerging as LIBOR’s benchmark successor for private loan market participants. Key differences in maturity and credit profiles must be considered.

A 4Q 2021 Update on Middle Market Credit Spreads and Required Returns

Post-Q4 2021, investors are reporting a greater willingness to underwrite more storied, high COVID impacted, or marginal issuers.

Valuing Venture Debt vs. Debt Instruments

What makes valuing venture debt investments unique compared to debt investments in more established companies?

A 3Q 2021 Update on Middle Market Credit Spreads and Required Returns

As we reflect on the private credit market in Q3 2021, direct lenders and private equity sponsors note trends remain similar to Q2.