Loan Note: Leverage levels modest; Lifting the lid on pension performance

Leverage remains at modest levels, even in those companies performing most strongly. Plus: a new report on US state pension performance and the data showing average fund size shooting up. Here's today's brief for our valued subscribers only. 

They said it

“Akin to a Hitchcock plot, we do not know with certainty what the future holds as we look to manage life with virus variants and an increasing role of big government.”

Taken from Dial M for Market, KKR‘s credit market review for the second quarter of 2021, authored by Chris Sheldon, the firm’s partner and head of leveraged credit.

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