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Buyout leverage in 2018 hit levels not seen since the run-up to the global financial crisis. Lenders eager to fund new deals were encouraged by the Trump era’s more relaxed regulatory environment. High-yield markets crashed at year-end, however, only to snap back in early 2019. The extreme volatility left analysts wondering how long the favorable market for leveraged loans will last.
Bain partner Hugh MacArthur is a director in the firm’s Boston office and head of Bain’s Global Private Equity practice.
