Secondary Market Monthly - May 2021 Executive Summary

The secondary loan market continued to trade higher in May as the lower-end of the secondary once again outperformed.  Following April’s 0.51% return, the S&P/LSTA Leveraged Loan Index (LLI) returned 0.58% in May.

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Market Advisory on FIRPTA

The LSTA published a Market Advisory which discusses the implications of The Foreign Investment in Real Property Tax Act (“FIRPTA”).