Special Report: A Review of European Direct Lending
Banks vs. the Non-Banks/ Hurdles: Legal, Cultural, and Logistical/ Opportunities and Challenges/ A Path to Success/ Outlook for 2016…and Beyond
TheLeadLeft
Markit Recap – 8/1/2016
The Bank of England doesn’t often follow the ECB. During the financial crisis and its aftermath, the Bank was relatively quick to cut interest rates and implement QE. The ECB was still hiking rates in July 2008, and didn’t start QE until 2015. But the eurozone’s central bank could lay claim to beating its UK…
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Covenant Trends: Covenant Flex
Contact: Steven Miller smiller@covenantreview.com
Summer Stock
Call it an ironic twist. An actor named David Harbour, portraying Achilles in Shakespeare’s “Troilus and Cressida” in Central Park last week, ruptured his Achilles tendon in a fight scene. Mr. Harbour later tweeted, “I’m so method.” No word whether critics considered his final performance a stretch. Speaking of drama, the Fed elected not to…
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Chart of the Week: Rate Race
With the Fed more likely to push rates in September, Libor rose more quickly last month than comparable Treasuries. Sources: U.S. Department of the Treasury/FRED
The Pulse of Private Equity – 8/1/2016
US MM Transaction Sizes Indicate Concentration in the Core In the first half of 2016, the median size of buyouts in the US middle market declined slightly to $128.3 million, a slide of just over $11 million. Given PitchBook’s methodology of classifying the core middle market as transactions sized between $100 million and $500 million,…
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Leveraged Loan Insight & Analysis – 8/1/2016
Flex activity continued to favor issuers in July Market sentiment in July was more of the same in the leveraged institutional market. Although deal flow thinned out from a swell of volume in June, negotiations continued to favor issuers. Thomson Reuters LPC’s Flex Factor scored a -0.04 for July,… Subscribe to Read MoreAlready a member?
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Lead Left Interview – Paul Peterson
This week we chat with Paul Peterson, a managing director at Wind Point Partners. Wind Point Partners is a private equity investment firm that with a strategic focus on facilitating leadership transitions by partnering with top caliber executives to acquire middle market businesses with a clear path to value creation. Since its founding in 1984,…
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Preqin Private Debt Intelligence – 8/1/2016
First-Time Private Debt Fundraising As the closed-end private debt industry grows in size and prominence, new fund managers continue to launch new vehicles in order to take advantage of increasing investor appetite and attractive investment opportunities. However, with the private debt fundraising… Subscribe to Read MoreAlready a member? Log in here...
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