The Lead Left

  Turkey’s self-inflicted problems have had ramifications well beyond its borders and led to comparisons with previous emerging market crises. Mexico in 1994; south-east Asia in 1997; Russia in 1998; Argentina in 2001: all have been invoked as precursors to Turkey’s seemingly inevitable descent into debt distress and recession....

Tariff questions, private equity edition Download PitchBook’s 2Q 2018 M&A Report here. Like every tariff-related conversation, it’s too early to tell what impacts they’ll have on private equity. But like many PE-related conversations, different investors see different outcomes when looking at the same thing. Carlyle’s David Rubenstein, in an interview with CNBC, says that while the

Loans backing cross border M&A deals at record high Despite a flurry of cancelled or withdrawn M&A transactions recently, the global M&A market remains very strong nearly eight months into 2018. Cross-border deals in particular have been especially robust with over US$1trln of announced transactions, an increase of 74% compared to the same time last

Real estate debt: a blossoming American tradition Investment opportunities for the sector in the US appear to remain strong. Real estate debt fundraising by region – where a firm plans to deploy capital rather than where the vehicle’s investors are – has fluctuated over the past four years, but one constant has been the rise

Distressed Debt Outperforms Other Private Debt Strategies The private debt industry has historically been dominated by three main strategies: direct lending, distressed debt and mezzanine, which collectively account for around four-fifths of private debt assets under management. Median returns for these strategies, and for private debt overall, have been strong, and returns have consistently hovered