Mega-funds on the Comeback For a preliminary peek at second quarter PE numbers in PitchBook’s upcoming Breakdown Report, please refer to the linked infographic. Through the first half of the year, mega-funds of $10 billion or more in size have made a strong comeback in the U.S. and Europe. Five such private equity funds have already…
This week we chat with George Majoros, Jr., Co-Managing Partner, EagleTree Capital (formerly Wasserstein Partners). Mr. Majoros joined the original predecessor firm Wasserstein Perella in 1993. He currently serves as Chairman of the Boards of Directors for Paris Presents and Jamberry Nails and is a member of EagleTree’s Investment Committee. Since 2001, the team has…
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Review of Current Market Conditions/ Analysis of Capital Markets Metrics/ Review of Credit Quality/ Outlook for Third Quarter 2017
Since early last year, leverage vs. yield for middle market institutional loans has deteriorated in favor of the issuer.
Private Debt Fundraising Momentum Fades in Q2 The closed-end private debt fundraising market saw 26 vehicles reach a final close in the second quarter of 2017, securing a total of $16bn in investor commitments. Preqin expects these figures to rise by up to 10% as more information becomes available,… Subscribe to Read MoreAlready a member?
Senior Financials trading tighter than Corporates The fate of corporates and the banks that serve them is intertwined; that much is clear from the past decade. But though the correlation is close, it’s certainly not one-to-one. … Subscribe to Read MoreAlready a member? Log in here...
Contact: Steven Miller smiller@covenantreview
It was probably mission impossible, but we gamely tried this week to complete a personal Top Ten list. This one is called “Top Ten Best Things About Rupturing Your Quadriceps Tendon in Church on Father’s Day.” #10 came quickly. “The minister was right there to deliver last rites.” #9 was relatively easy: “A brand-new walker…
Second quarter activity in middle market sponsored loans tailed off slightly from the previous quarter, though at $16.2 billion was up from 2Q 2017.