TheLeadLeft
Select Deals in the Market – 5/8/2017
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Covenant Trends – Distribution of Free-and-Clear EBITDA Grower (YoY)
Contact: Steven Miller smiller@covenantreview
Elements of Corporate Risk (Last of a Series)
As we wrap up our special series on corporate risk, let’s review the elements we’ve covered. We began with integration risk and high capex. We then examined cyclicality and specialized sectors. Our third part covered short borrower histories, hockey stick growth, single products, and customer concentrations. Technology, regulatory, and legal risks followed that, as well…
Lead Left Interview – Ted Bililies (Part 2)
This week we continue our conversation with Ted Bililies, Managing Director and Chief Talent Officer for AlixPartners. Ted is a Harvard-trained clinical psychologist with decades of experience in leadership and organization development. Though known originally as a restructuring firm, AlixPartners has grown over the last 35 years into a global consulting firm that specializes in…
The Pulse of Private Equity – 5/8/2017
Middle-market vehicles hit new high in proportion of all US PE fundraising View PitchBook’s 1Q 2017 US PE Middle Market Report Here Last week the steady recovery in the number and aggregate value of US private equity first-time middle-market funds was analyzed, yielding the conclusion that in light of the slower pace in the raising…
Private Debt Intelligence – 5/8/2017
Private Debt Fund Manager Outlook: H1 2017 A Preqin survey of 73 private debt fund managers conducted in November 2016 finds that private debt fund managers intend to deploy more capital in 2017 than the previous year, despite concerns surrounding an environment of high valuations and stiff competition for investor commitments…. Subscribe to Read MoreAlready
Chart of the Week: Upping the Ante
Despite worries about new middle market entrants, all-in yields are only 13 bps shy of their levels seven years ago.
Loan Stats at a Glance – 5/8/2017
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Leveraged Loan Insight & Analysis – 5/1/2017
What is the most likely catalyst for derailment? 41% of the audience polled last Thursday during Thomson Reuters LPC’s Fifth Annual Middle Market Loans Conference pointed to competitive pressures leading to structural and yield deterioration as the most likely catalyst for change or derailment in the market. However, one third pointed to geopolitical risk, which…