Being in an industry prone to litigation is one of the trickiest corporate risks to manage. For one thing, lawsuits and class action claims aren’t under a borrower’s control. For another, judges and juries can be fickle. In dealing with a similar issue, they might hammer one defendant with major damages while letting another off…
This week we chat 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 whole company…
Contact: Steven Miller smiller@covenantreview
The share of middle market club deals held by non-lenders remains just under 70% for the first quarter.
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Healthy fundraising geared toward US middle market continues to set stage for competition View PitchBook’s 1Q 2017 US PE Middle Market Report Here Pegged for some time now as a potentially more fruitful arena for private equity firms looking for respite from high valuations, the US middle market hasn’t seen as much dedicated, new fundraising…
Private Debt Funds in Market by Geography As at the start of Q2 2017, there were 284 private debt funds in market seeking an aggregate $112bn of investor capital. These figures were roughly the same as they were a year previous, when 260 funds were targeting $123bn globally. Europe was the only region which recorded…
It seemed like Europe breathed a collective sigh of relief after the prospect of a far-right presidency in France receded. The centrist Emmanuel Macron secured victory in the first-round of the French presidential election on April 23, beating National Front leader Marine le Pen into second place. The two will now face each other in…
In astronomical terms, it was a close call. Last Wednesday an asteroid almost a mile long passed within 1.1 million miles from Earth. The object, known as JO25 and nicknamed “The Rock,” was visible in small telescopes. “We’re safe,” remarked NASA plantetary defense officer Lindley Johson. ”From this one.” Keeping a sharp eye out for…
Source: Cliffwater Direct Lending Index and BofA Merrill Lynch US High Yield Effective Yield The red line in the chart is the *Cliffwater Direct Lending Index (CDLI) current yield, which is based on the investment income of the underlying assets held by public and private BDCs. BDCs invest in middle market companies, and the Index…