Industry Index Discounted Spreads in Valuations
Considering the virus’ material impact on specific industries, we’ve seen a greater emphasis on secondary industry-specific loan indexes when controlling for credit risk.
COVID-19: An Orderly Repricing of Risk in Private Debt
The only comparable event to the spread of the virus for modern private capital markets is the Great Recession, but there are some key differences this time.
COVID-19 and Portfolio Securities Valuation: Understanding the Impacts on Credit Spread
While secondary indexes are good barometers of investor sentiment and market trends, the levels reflected may not fully reflect company fundamentals and deal pricing, reflecting the new normal in a COVID-19 economic environment.
Private Credit Players Taking AICPA Guidelines, Growing Market Pressures In Stride
Market participants embrace best practice guidance, adjust policies accordingly. But the AICPA’s best practices are not without challenges and intricacies for the private debt and private credit professional.
DACH & European Capital Market Study
The latest editions of the DACH Capital Market Study and the European Capital Market Study are now available from our international affiliate partner, ValueTrust.