Middle Market Deal Terms at a Glance – April 2016
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
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Markit Recap – 4/4/2016
Investors embrace long dated corporate bonds Investors have been loading up on relatively higher yielding long term corporate bonds, in spite of the asset class seeing its average credit rating decline in recent years. Long dated corporate bond ETFs have seen $90m of inflows ytd, over twice the 2015 total BBB bonds make up 47%…
Where’s the Deal Flow? (First of a Series)
With the first quarter of 2016 in the books, we kick off the second with a look at our Chart of the Week. Our content partners at Thomson Reuters LPC report middle market activity with sponsors slumped to $7.3 billion – the lowest level since 2010. Anecdotally mid cap lenders confirm this trend. “We’re pretty…
Chart of the Week – Slow Motion
Middle market loan activity with sponsors during the first quarter has slowed to a six-year low. Quarterly Sponsored Middle Market Loan Volume Source: Thomson Reuters LPC 2Q MM Investor Outlook Survey
State of the Capital Markets – First Quarter 2016 Review and Second Quarter 2016 Outlook
Need timely market data and expert commentary to share with your clients? Download our State of the Capital Markets presentation! As a subscriber to The Lead Left, you’ll get: Review of Current Market Conditions Analysis of Capital Markets Metrics Including Covenants, Pricing, and Leverage Review of Credit Quality Outlook for Second Quarter 2016
Select Deals in the Market – 4/4/2016
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Lead Left Interview – Dr. Tim Kelly (Part 2)
This week we continue our conversation with Tim Kelly, a 30+ year veteran of private equity and capital markets. Since retiring as a senior investment Partner with Adams Street Partners, Tim has completed his Ph.D. in Organizational Psychology. His focus is what investors, LPs, GPs, and capital market participants can learn by applying new perspectives…
The Pulse of Private Equity – 4/4/2016
The Bigger, the Better: Private Equity Funds Still Trending Upward in Size Although there is a fair amount of quarterly variance in median private equity fund sizes, there has been a distinct trend upward since the end of 2013, with the closing quarter of 2015 cresting at just over $300 million across all PE fund…
Leveraged Loan Insight & Analysis – 4/4/2016
U.S. leveraged lending, at US$112bn in 1Q16, was down 29% from 4Q15 Instability in oil prices and credit concerns in energy and metals and mining, coupled with worries that slowing global growth could impact the U.S., amplified what was already shaky sentiment heading into this year. Although seeing opportunities, some distressed funds waited to pull…