This week we chat with Phil Seefried, founder and CEO of Headwaters MB, which recently announced a strategic transaction with Capstone Partners in which Capstone was the acquirer. The new firm is called Capstone Headwaters. Both Headwaters and Capstone were founded in 2002. Capstone Headwaters provides investment banking services to entrepreneurs, owner/operators and business-owning families…
BDC share prices were engulfed by market wrath earlier this week Register now for LPC’s 6th Annual Middle Market Loans Conference – April 25, 2018 at the NY Marriott Marquis! For those investors that are bullish on BDCs, this week was a prime buying opportunity as the middle market debt managers were engulfed in equity…
Add-ons vary by market Download PitchBook’s 2017 Annual US PE Middle Market Report click here. The buy-and-build model is popular in the PE industry. Investors’ appetite for add-ons stretches back about a decade, but most of the increase has taken place in the middle market, specifically at the lower end. Following the financial crisis, lower-…
Beginning in October 2017 The Lead Left published a series of articles on covenant-lite. This report consolidates those articles.
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The 21st century and our prehistoric past met near a parking lot at NASA’s Goddard Spaceflight Center. An amateur paleontologist spotted dinosaur tracks at the Greenbelt, MD facility, in an area slated for demolition to make room for an office building. Once unearthed, a 8.5 foot long sandstone slab revealed more than eighty prints of…
Source: LevFin Insights Source: LevFin Insights Source: Lipper Contact: Robert Polenberg robert.polenberg@levfininsights.com
Source: Cliffwater Direct Lending Index and BofA Merrill Lynch US High Yield Effective Yield The red line in the chart is the *Cliffwater Direct Lending Index (CDLI) current yield, which is based on the investment income of the underlying assets held by public and private BDCs. BDCs invest in middle market companies, and the Index…
Percentage of Loans with an MFN Sunset Contact: Steven Miller