“What’s the most depressing holiday?” Suspecting a joke, we hesitated before answering our friend’s query at a backyard barbecue last Saturday. “July 4th,” he said without waiting. Really? “It means the summer is almost over,” he finished glumly. For credit market participants, the year’s too-swift passage also signals 2016’s halfway point – time to reflect…
Attendees at last week’s Fitch/LPC Loan and CLO Conference said Fed’s rate inaction was most surprising market news so far this year. Source: Fitch Ratings and Thomson Reuters LPC Loan and CLO Conference
Contact: Steven Miller smiller@covenantreview.com
IT Remains a Favorite of PE Firms As private equity activity in the U.S. has slackened, nearly every sector has experienced a decline in overall volume of investments, barring one. Only the information technology sector is seeing a rate of PE dealmaking comparable to that of last year, with 261 closed transactions through the end…
This week we conclude our conversation with Michael Babiarz of Clayton, Dubilier and Rice. Michael is a partner of the firm and been with CD&R since 1990. Second of two parts – View part one The Lead Left: How do you view what’s going on with banks from a regulatory perspective? Michael Babiarz: If you look…
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Private Debt Industry Achieves Greater Fundraising Success in H1 2016 Although private debt fundraising in Q2 2016 has not matched the record levels seen in recent quarters, H1 2016 as a whole has seen a record proportion of funds exceed their initial target size. The period has also seen a diminishing number of funds fail…
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
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