TheLeadLeft

Private Debt Intelligence - 7/31/2017

Private Debt Investors Look to Mezzanine Funds As part of its Q2 review of the private debt asset class, Preqin evaluated the strategy preferences of the almost 2,800 investors currently active in the industry. It found that investors were targeting fund types at very different rates compared to 12 months ago,… Subscribe to Read MoreAlready

The Pulse of Private Equity - 7/31/2017

Middle Market Activity – 2Q Update To get the full report on Friday, please visit PitchBook’s dedicated Reports page, linked here. The US middle market continues to be a hotbed of PE activity. PitchBook’s 2Q 2017 Middle Market Report, to be released this Friday, shows another strong quarter, particularly for the upper middle market. 147…

Lead Left Interview - Ted Goldthorpe (Part 2)

This week we continue our conversation with Ted Goldthorpe, head of credit for BC Partners. Ted launched the BC Partners Credit business in 2017 and oversees a team of experienced credit professionals. As a managing partner of the firm, Ted is also a member of the Investment committee of the private equity business. Previously Ted…

How Big is the Middle Market? (Third of a Series)

Last week we looked at sponsored middle market loan volume to come up with an idea of how large the midcap universe is. Before run-offs and refinancings, we came up with a figure of $410 billion. Now we turn our attention to the sponsored middle market refinancing cliff. As our Chart of the Week highlights, about $238…

Chart of the Week: Coming Due

Between now and 2023 some $238 billion of middle market sponsored syndicated loans mature, peaking at over $14 billion by the second quarter of 2021.