TheLeadLeft

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

To get a better handle on the total universe of middle market loans, let’s define what we mean by the middle market. Should we include, for example, both non-sponsored as well as sponsored loan volume? Thomson Reuters LPC estimates there’s been an average of $100 billion in annual non-sponsored activity since 2000. But these financings…

Lead Left Interview - Ted Goldthorpe

This week we chat 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 was president…

Private Debt Intelligence - 7/24/2017

Private Debt Dry Powder Holds Steady As at the end of June 2017, private debt managers held more than $205bn in dry powder, up slightly from the $196bn recorded at the end of 2016. This relatively small increase demonstrates another way in which the private debt market is becoming increasingly distinct from the private equity…

Markit Recap – 7/17/2017

Senior Financials dips below 50bps Few would question the supportive role Mario Draghi has played over the last six years. Under his presidency, the ECB quickly reversed the ill-advised rate hikes in 2011 and subsequently loosened policy – the refinancing rate has been at or close to zero since 2014…. Subscribe to Read MoreAlready a