TheLeadLeft

Leveraged Loan Insight & Analysis - 1/18/2016

Middle market lending failed to impress in 2015 as both the sponsored and non-sponsored markets were down roughly 30% year-over-year. In the non-sponsored market, volatility spooked issuers in the second half of the year causing many to hold off… Login to Read More...

The Pulse of Private Equity - 1/18/2016

Is There a Glut of Private Equity Firms? Since the turn of the century, there has been a steady surge in the number of private equity firms that are active worldwide. From 1,545 in 2000, the number has crested to 3,918, an increase of over 153%. As was perhaps to be expected, the rate… Login

Markit Recap – 1/11/2016

If European credit investors had to name two names damaged by the precipitous fall in commodity prices, it is likely that Glencore and Anglo American would top the poll. The two mining firms have seen their credit spreads widen dramatically and are now quoted upfront, the only credits in the Markit iTraxx Europe… Login to

Chart of the Week - Assembly Line

CLO formation last year totaled $93 billion, off 2014’s record $124 billion, as managers wrestle with risk retention. US CLO Activity Source: S&P LCD

Leveraged Loan Insight & Analysis - 1/11/2016

Private equity sponsors once again took a back seat to leveraged corporate issuers, struggling to garner 42% of total leveraged loan volume amid limited deal making opportunities. With demand for assets at a premium for much of the year, PE sponsors wrestled with… Login to Read More...

Lead Left Interview - Adrian Docherty

This week we chat with Adrian Docherty, who heads up BNP Paribas’ Bank Advisory team. His team helps banks who are customers and counterparties of BNP Paribas to improve their management of risk, capital, funding, liquidity and profitability. He is also the author of Better Banking: Understanding and Addressing the Failures in Risk Management, Governance…