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Markit Recap – 10/3/2016

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Numerous press articles in recent years have predicted the death of single name CDS. Onerous capital requirements, costly changes in market structure and alternative hedging tools have all been cited as factors driving the inexorable decline in the product. No one could deny that CDS activity has dropped sharply from its pre-crisis heyday. But the…

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Why Sponsors Matter (Fourth of a Series)

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Given all the benefits of having a private equity firm as your partner, why would you even finance a company without one? We put that question to Brett Hickey, the CEO of Star Mountain Capital, who specializes in this sector. “There’s a lot of hype around non-sponsored transactions,” he told us. “It’s definitely buyer beware….

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Chart of the Week: Off Season

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Second quarter non-sponsored loan volume was down 5% from the first quarter but off sharply from the second quarter last year. Source: Thomson Reuters LPC  

The Pulse of Private Equity - 10/3/2016

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Familiarity Breeds Debt Usage Based on PitchBook and aggregated survey data, average debt levels in the second quarter of 2016 were much higher for transactions with smaller companies than they were for their larger counterparts. In fact, businesses with enterprise values of up to $25 million averaged 53% in… Subscribe to Read MoreAlready a member?

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Lead Left Interview - Fran Beyers (Part 2)

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This week we continue our conversation with Fran Beyers, Senior Market Analyst at Thomson Reuters LPC. Thomson Reuters LPC has been a leading provider of loan market news, data and analysis for over 30 years.  Fran has been with LPC since 2009 providing analysis and market commentary on the middle market. Second of two parts – View part…

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Private Debt Intelligence - 10/03/2016

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Strategies Targeted by Private Debt Investors According to Preqin’s Investor Outlook: Alternative Assets, H2 2016, 56% of investors with an active mandate in private debt are seeking to make at least one direct lending commitment within the next 12 months, the largest proportion among strategies in the asset class…. Subscribe to Read MoreAlready a member?

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