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.

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.

A 2Q Update on Middle Market Credit Spreads and Required Returns

Considering competitive market dynamics, market participants report a tightening in credit spreads since Q2 2020 and generally stable credit spreads in 2Q21.

How Fairness Opinions Help Private Equity Sponsors Head Off Family Feuds

Related-party transactions between PE funds and their portfolio companies are fraught with the potential to create issues between limited partners. Fairness opinions can forestall such conflicts.

Q1 2021 Economic Snapshots

High-level visual summaries of leading economic and financial indicators in major economic markets.

VRC Provides Solvency Opinions for Tech Company Recapitalizations

Projects for Virgin Pulse and VPay reflect an increase in opinion services as the economy reopens and deal activity accelerates.

Q1 2021: Middle Market Credit Spreads and Required Returns

How are market participants reacting to positive vaccination rates, economic optimism, company prospects and floating rate security demand?

Q4 2020 Economic Snapshots

High-level visual summaries of leading economic and financial indicators in major economic markets.

Middle Market Credit Spreads and Required Returns

In Q4 2020, market participants noted improving comfort with company and industry fundamentals, outlooks, and the ability to weather a second wave of the virus.

Private Markets Took COVID in Stride

The private equity and credit markets held up remarkably well in the face of a global pandemic and are adjusting to the “new normal.” Market participants should go into 2021 with heightened vigilance as the impacts of the pandemic may not have yet entirely played out.