Secondary Market Monthly (Jan 2024)
After rallying across the last two months of 2023, loans took a breather in January as the market digested a wave of repricings and refinancings…
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2023 Direct Lending Review
Direct lending has been among the fastest growing segments of leveraged finance, with AUM rivaling that of the broadly syndicated loan (BSL) and high-yield bond…
Loans Close 2023 With Second Highest Return on Record, Par-Plus Share Roughly One-Third of Market
Loans returned 13.32% in 2023, the best performance since the Global Financial Crisis and the second highest annual return since the Morningstar/LSTA Leverage Loan Index…
LSTA Newsletter (Dec 15 2023)
This week we cover Good News for PFA Lawsuit; Ethics Webinar Recap; Direct Loans Performance.
Direct Lending Loans 3Q Returns Hit Highest Level Since 1Q21
Returns on direct lending loans, as measured by the Cliffwater Direct Lending Index (CDLI) have diverged from their long-term trend and lagged the Morningstar LSTA…
November Market Rally Pushes Loan Returns to 4-Month High
November’s market rally pushed loan returns to 4-month high 1.22%, according to the Morningstar/LSTA Leveraged Loan Index (LLI). Loan performance has been positive in eight…
Loans Follow Broader Markets Lower in October
According to the LSTA’s Hugo Pereira, “Loans’ four-month-long rally came to an end in October, as markets grappled with a complicated geopolitical picture while digesting…
Secondary Market Executive Summary For August 2023
Loans advanced in August for a third consecutive month, returning 1.17%, elevating the year-to-date return to a post-crisis best 9.11%, according to the Morningstar/LSTA Leveraged…
Secondary Market Monthly (August 2023)
According to the LSTA’s Hugo Pereira, “Loans advanced in August for a third consecutive month, returning 1.17%, elevating the year-to-date return to a post-crisis best…
Secondary Market Monthly (July 2023)
Investor optimism from better-than-expected economic growth and slower inflation sent financial markets higher in July.
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