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Effective URL: https://pitchbook.com/credit?utm_source=marketo&utm_medium=email&utm_campaign=springwave2024&utm_term=credit&utm_conte...
Submission: On June 03 via manual from US — Scanned from DE
Effective URL: https://pitchbook.com/credit?utm_source=marketo&utm_medium=email&utm_campaign=springwave2024&utm_term=credit&utm_conte...
Submission: On June 03 via manual from US — Scanned from DE
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Request a free trial Log in * Products * Solutions * Data * News & Analysis * About * Blog Menu * Products * Solutions * Data * News & Analysis * About * Blog Log in Request a free trial Pitchbook Credit, POWERED BY LCD THE MOST COMPREHENSIVE CREDIT INTELLIGENCE SOLUTION Learn more OUR CREDIT MARKET CLIENTS * * * * * Navigate complexity with ease See how PitchBook Credit combines news, research, data, and indexes to help you navigate shifting credit markets—all in one convenient platform. Click for sound 0:58 REQUEST A FREE TRIAL * First Name: * Last Name: * Email Address: * Phone: * Job Role: Select...AnalystCEO/President/PartnerC-Level ExecutiveConsultantCoordinator/SpecialistDeveloper/EngineerDirectorManagerResearcherVice PresidentOther Submit PITCHBOOK CREDIT LCD CREDIT NEWS Identify headline risk, source investment opportunities, and empower your team with news built on LCD’s 25+ years of market relationships. LCD CREDIT RESEARCH Build your understanding of the credit market and macroeconomic impacts across asset classes with LCD’s coverage of the full credit lifecycle. LCD CREDIT DATA Plan your next lending or investment move with access to over 450k+ datapoints covering leveraged loans, bonds, CLOs, and BDCs. MORNINGSTAR LEVERAGED LOAN INDEXES Quickly compare up to ten parent-level indexes or subindexes from a dropdown menu of 280+ options to streamline your credit workflow. PRODUCT HIGHLIGHTS PitchBook Credit, powered by LCD (Leveraged Commentary & Data), is the comprehensive credit intelligence solution that provides you with the tools and features you need to drive intuitive data discovery and inform action. LCD CREDIT NEWS LCD Credit News allows users to filter stories by time period, keywords, asset class, issuer name, deal type, and more to navigate our extensive news database, built on LCD’s years of key market relationships. LCD CREDIT RESEARCH LCD Credit Research compiles daily research reports, market commentary, loan statistics, and informative decks for critical insights across all stages of the credit lifecycle. INDEX COMPONENTS TREE MAP Our Index Components Tree Map transforms how clients perceive index composition, offering a visual breakdown of sectors and rating groups that highlights outperformers and underperformers. LCD Credit News LCD Credit Research Index Components Tree Map ACCESS THE GO-TO RESOURCE FOR CREDIT MARKET PARTICIPANTS Book a demo ADDITIONAL WAYS TO CONSUME CREDIT DATA Supplement your due diligence with new ways to incorporate our data into your workflows. DIRECT DATA Use our Direct Data feed and API to consume credit news, data, and leveraged loan performance data for use in off-platform workflows and across your organization. PITCHBOOK MOBILE Keep up with our LCD Credit News & Research on the go. Get customizable feeds based on your areas of interest and share findings with your team. EXCEL PLUGIN Build better financial models in less time with prebuilt templates—then update them with our latest credit data in a single click. Credit capabilities by segment Credit investors Research: Explore PitchBook’s insights on credit market activity and trends—as well as its deep database of institutional investors and fund information. Gauge market opportunity, investor appetite, and the competitive landscape before launching a credit investment vehicle. Understand loan market activity across geographies, sectors, and credit ratings to inform your investment strategy. Evaluate: Strengthen your credit underwriting processes. Ensure a borrower passes your firm’s credit requirements by building out thorough credit profiles—including estimating their repayment and default risk potential. Review their financial statements, as well as full debt and equity financing history. Execute: Determine the ideal tenure and repayment terms for each loan agreement—customized by region, sector, and credit risk. Benchmark to comparables across broadly syndicated loans and private lending deals, then gather additional insights on how industry peers are structuring and pricing loan facilities. Benchmark: Monitor the performance of your overall credit portfolio and examine competitors’ loan activity. Understand each issuer’s repayment risk by tracking their financials—and flag potentially underperforming or outperforming investments. Commercial banks Research: Streamline your lending decisions and deepen your understanding of credit market trends with PitchBook’s best-in-class research. Monitor loan market activity by region, industry, and credit quality using our advanced search criteria and Morningstar’s Leveraged Loans Index data. Evaluate: Strengthen your credit underwriting processes. Ensure a borrower meets your firm’s credit requirements by building out thorough credit profiles—including estimating their repayment and default risk potential. Review their financial statements, as well as full debt and equity financing history. Execute: Determine the ideal tenure and repayment terms for each loan agreement—customized by region, sector, and credit risk. Benchmark to comparables across broadly syndicated loans and private lending deals. Then gather additional insights on how industry peers are structuring and pricing loan facilities. Benchmark: Monitor the performance of your credit portfolio. Understand a borrower’s repayment risk and efficiently forecast refinancing based on changing interest rates and credit market activity. Benchmark your activity against competitors’ to better target both investors and potential borrowers in your sector of focus. Corporates Research: Discover how other corporates are using debt financing to support their operational goals and fund new growth opportunities with our Debt & Lenders Screener. Explore our Credit Research Hub and subscribe to our trusted Credit News to determine if a debt refinancing could be impacted by current economic conditions or updates in your industry. Evaluate: Identify and evaluate a few lenders who specialize in your industry to ensure you’re partnering with the most knowledgeable and trustworthy lender for your debt financing. Cross-check a proposed loan’s terms, pricing, and issuance timing with similar corporate loans already in market to ensure it is on par with current loan activity in your industry. Execute: Validate that the loan advice and terms from your lending and banking teams are in-range with similar loan activity in the market. Gather the data you need to perform a cost/benefit analysis before agreeing to any debt financing. Benchmark: Monitor whether your business is taking on too much debt relative to your peers and prioritize paying off some debt if you are. Look at competitors’ balance sheets to see how your company’s debt/equity ratio compares to industry averages and ensure your business remains an attractive investment. Limited partners Research: Build your investment thesis for a credit allocation before presenting your board or CIO for approval. Research asset class fundamentals and current market activity to support your portfolio construction decisions. Evaluate: Identify and perform due diligence on a short list of investment managers who manage private credit, mezzanine, or CLO funds that meet your risk and return criteria. Execute: Diversify your credit asset allocation by selecting multiple fund managers that meet your investment criteria. Benchmark: Compare the size of your credit asset allocation to other limited partners by reviewing their historical asset allocations. Monitor the performance of your fund managers and compare it to PitchBook’s benchmarks or the Morningstar Leveraged Loans Index to make more confident allocation decisions. Private equity Research: Take a look at our credit research on leveraged loans and private credit to determine whether your team should use a broadly syndicated loan or a direct lending opportunity to help fund your next leveraged buyout. Understand how broader bank lending activity and interest rates—among other macro factors—could impact the profitability of your deal selecting either debt financing option. Evaluate: Identify and evaluate a few lenders who specialize in the industry your deal is in to ensure your team is partnering with the most knowledgeable and trustworthy lenders. Cross-check a proposed loan’s terms, pricing, and issuance timing with similar LBOs in market to ensure the loan is on par with current loan activity for the industry in focus. Execute: Validate that the loan advice and terms you receive from your lending and banking teams are in-range with similar loan activity in the market before agreeing to any debt financing. Gather fundamental and quantitative data from PitchBook’s database to perform a cost/benefit analysis of taking on the debt. Benchmark: Monitor the debt financing portion of your deal on your portco’s behalf to provide sound advice on repayment activity across the portco’s capital stack. Track the lender’s broader activity to determine whether your team would want to work with this lender in the future. Venture capital Research: Stay on top of the emergence of venture debt, particularly as equity financing becomes more restrictive, by reading our macro and industry reports. Dig through our database of up-and-coming startups to opportunistically invest in with the help of some debt financing. Evaluate: Discover lenders who offer venture debt financing options. Proactively create a short list of lenders you may want to partner with in the future. Execute: Reach out to lenders to begin venture financing discussions and negotiations. Investment banking Research: Take a look at our credit research on leveraged loans and private credit to advise your corporate client on whether a broadly syndicated loan or a direct lending opportunity would be the better option to fund their next M&A opportunity. Understand how broader bank lending activity and interest rates—among other macro factors—could impact the cost and/or profitability of the deal selecting either debt financing option. Evaluate: Identify and evaluate a few lenders who specialize in the industry your deal is in to ensure your team is partnering with the most knowledgeable and trustworthy lenders. Cross check a proposed loan’s terms, pricing, and issuance timing with similar loans in market to ensure it’s on par with current loan activity for the industry in focus. Execute: Validate that the loan advice and terms you receive from the selected lender are in-range with similar loan activity in the market before a formal debt financing agreement is put into place. Gather fundamental and quantitative data from PitchBook’s database to perform a cost/benefit analysis of taking on the debt or not. Benchmark: Monitor the debt financing portion of the deal on your client’s behalf to provide sound advice on repayment activity across the client’s capital stack. Track the lender’s broader activity to determine whether your team would want to partner with this lender in the future. Bulge bracket investment banks Research: Position yourself as a true leveraged loans subject matter expert by understanding all leveraged loan activity across different industries and advising your clients on issuance timing and pricing accordingly. Evaluate: Gather leveraged loans stats and performance information on comparable loans in market to ensure your team is structuring and pricing the opportunity fairly. See how other leveraged loans in the industry of focus are being rated by credit rating agencies. Identify other lenders you’d want to partner with in the syndication. Execute: Officially form a syndication based on the information you gathered from PitchBook. Build a book of interested buyers for your leveraged loan. Structure, price, and time the issuance of the leveraged loan under conditions most ideal to your client. Benchmark: Monitor the performance of your leveraged loan on behalf of your client. Advise your client on how and when they should pay down their debt based on market and industry conditions. LEARN MORE ABOUT PITCHBOOK CREDIT * US CREDIT MARKETS QUARTERLY WRAP The US Credit Markets Quarterly Wrap provides a comprehensive look at the dynamics of the primary and secondary US leveraged finance markets. Learn more * RE-EMBRACING RISK: THE STATE OF THE US LEVERAGED LOAN AND PRIVATE CREDIT MARKETS With the interest rate landscape beginning to settle, loan investors and issuers are returning to the finance markets, heightening already-tense competition between syndicated lenders and private credit. Learn more * US LEVERAGED LOAN INDEX MONTHLY WRAP The US Leveraged Loan Index Monthly Wrap captures the dynamics of the primary and secondary leveraged loan markets. Learn more STAY CURRENT ON THE LATEST IN THE CREDIT MARKET Subscribe to our credit newsletter Index Disclaimer: The Morningstar LSTA US Leveraged Loan Index and Morningstar European Leveraged Loan Index (Indexes) are market value-weighted indexes designed to measure the performance of the US and the European institutional leveraged loan markets. The Indexes seek to replicate the invested institutional leveraged loan market. The Indexes are priced daily and rebalanced weekly. PitchBook Data maintains the Indexes, which includes: updating loans in outstanding and spreads, tracking full repayments and new deals, as well as ensuring all of the ratings activities associated with the loans are updated. PitchBook sends the rebalanced composition of the Indexes to the Benchmark Administrator weekly. Morningstar is the calculation agent for the Indexes. INDEX DISCLOSURES: MORNINGSTAR INDEX DATA AND ASSOCIATED REPORTS (“DATA”) IS FOR INFORMATIONAL USE ONLY, SUBJECT TO CHANGE AND IS PROVIDED “AS IS”. THE DATA IS PROPRIETARY TO MORNINGSTAR AND REPRODUCTION, TRANSCRIPTION, OR OTHER USE, BY ANY MEANS, IN WHOLE OR IN PART, WITHOUT THE PRIOR WRITTEN CONSENT OF MORNINGSTAR IS PROHIBITED. THE DATA ARE NOT BE USED FOR ANY UNLAWFUL OR UNAUTHORIZED PURPOSES. THIS DATA DOES NOT CONSTITUTE AN OFFER OF SERVICES IN JURISDICTIONS WHERE MORNINGSTAR, INC OR ITS RESPECTIVE AFFILIATES DO NOT HAVE THE NECESSARY LICENSES. NONE THE INFORMATION PROVIDED CONSTITUTES AN OFFER BY MORNINGSTAR, INC., MEMBERS OF ITS INDEX GROUP OR ANY OTHER DIRECTOR, OFFICER OR EMPLOYEE OF MORNINGSTAR, INC. AND ITS AFFILIATES TO BUY OR SELL, OR A PROMOTION OR RECOMMENDATION OF, ANY SECURITY, PRODUCT OR TRADING STRATEGY. FURTHER, THE DATA DOES NOT CONSTITUTE INVESTMENT ADVICE OR A RECOMMENDATION TO MAKE OR REFRAIN FROM MAKING ANY KIND OF INVESTMENT DECISION. INDEXES CANNOT BE INVESTED IN DIRECTLY AND THE RETURNS SHOWN WITHIN THE REPORT DO NOT REFLECT THE PERFORMANCE OF AN ACTUAL TRADING ACCOUNT. INCLUSION OF A SECURITY WITHIN AN INDEX IS NOT A RECOMMENDATION TO BUY, SELL OR HOLD THAT SECURITY. NEITHER MORNINGSTAR, INC. NOR MEMBERS OF ITS INDEX TEAM OR ANY OTHER DIRECTOR, OFFICER OR EMPLOYEE OF MORNINGSTAR, INC. OR ITS AFFILIATES MAKES ANY CLAIM, PREDICTION, WARRANTY OR REPRESENTATION, EXPRESSLY OR IMPLIEDLY, EITHER AS TO THE RESULTS OF A MORNINGSTAR INDEX(ES) OR THE FITNESS OR SUITABLY OF THE INDEX(ES). USE OF A MORNINGSTAR, INC. INDEX TO CREATE A FINANCIAL PRODUCT REQUIRES A LICENSE FROM MORNINGSTAR, INC. ALL INFORMATION PROVIDED IS IMPERSONAL AND NOT TAILORED TO THE NEEDS OF ANY PERSON, ENTITY OR GROUP OF PERSONS. NO CONTENT MAY BE MODIFIED, REVERSE-ENGINEERED OR DISTRIBUTED IN ANY FORM OR BY ANY MEANS, OR STORED IN A DATABASE WITHOUT THE PRIOR WRITTEN CONSENT OF MORNINGSTAR, INC. PERFORMANCE DISCLOSURE: PERFORMANCE INFORMATION IS PROVIDED FOR ILLUSTRATIVE PURPOSES ONLY. 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