Asian credit fundraising is a drag A dip in H1 2019 private debt fundraising numbers doesn’t mean the year’s total will finish less than prior years, as the second half of the year is typically stronger than the first. Capital raising in the Asia-Pacific region has lagged in the first half of the year, pulling…
News reached us last week of the passing of Anthony Mancinelli. According to Guinness World Records, Mr. Mancinelli at 108 was the oldest working barber. Cutting hair since Warren Harding occupied the White House, the barber from Naples emigrated to the US in 1919 and opened his first shop in Newburgh, NY. He kept snipping…
SOFR has hovered around LIBOR, but spiked when repo rates jumped last month.
Lenders push for higher Libor floors in the face of interest rate cuts Source: Debtwire Par Recent interest rate cuts by the Federal Reserve has prompted lenders to request higher Libor floors on leveraged loans. Earlier this month, the Federal Reserve cut interest rates by 25bps for the second time in 2019, and 3-month Libor…
Contact: Marina Lukatsky marina.lukatsky@spglobal.com
Usually good but seldom great Download PitchBook’s Report here. PE mega-funds (of at least $5 billion) have tended to outperform smaller funds over the past 20 years. That shouldn’t come as a surprise, as mega-funds are only raised by firms that have outperformed over time. At least for private equity, the biggest firms are almost by…
As our faithful readers know, the Lead Left is a keen observer of the heavens. So it’s with great interest that an observatory in Crimea detected an interstellar visitor – a comet called Borisov, that will swing it close the Earth just in time for Christmas. According to one astronomer, “It might behave the same […]