There’s been at least 35 liability management exercises this year with sponsor-backed companies accounting for three fourths of said transactions launched in the US. 9fin will be compiling data on specific sponsors and the frequency and type of LMEs they have engaged in, and reporting that in a series of profiles.

9fin will start with a deeper look at Clearlake. According to a new report by Moody’s, in which they analyzed rated portfolio companies of the 12 largest private equity firms held over the past two years, Platinum Equity had 58% of its rated and owned deals in distressed territory, followed closely by Clearlake with 55%.