TheLeadLeft

Markit Recap – 6/13/2016

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Falling government bond yields across Europe have meant investors have been rewarded with impressive returns so far this year. One country however, continues to lag. Portugal has seen its credit risk hover at elevated levels and its government bonds have produced negative returns this year. Credit investors have been treating Portugal with increasing scepticism since…

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Smooth Sailing

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In what was described as a series of events in which “several things went wrong,” a 230-foot long replica of Noah’s Ark plowed into a Norwegian patrol boat last week. The collision cut a gaping hole in the side of the bible boat, leaving the owner distraught. “It’s an awful dream, to have an accident…

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The Pulse of Private Equity - 6/13/2016

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Core-middle-market buyout multiples slide in Q1 2016 Between the end of 2015 and the first quarter of 2016, median buyout multiples for the central middle market slid considerably. Calculating multiples by enterprise value over EBITDA, and then breaking them down by enterprise values from $25 million to $250 million, reveals a decline from 8.6x in…

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Chart of the Week: Round the Horn

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US interest rate policy is captured in a feedback loop as Fed lets exogenous worries undermine future action. Source: BofA Merrill Lynch Global Research, The Daily Shot

Lead Left Interview - William G. Winterer (Part 2)

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This week we continue our conversation with William G. Winterer, partner, Parthenon Capital Partners. Bill is head of capital markets and a member of Parthenon’s investment committee. Parthenon is a private equity investment firm that has managed funds with over $3.5 billion in total capital commitment with offices in Boston and San Francisco and approximately…

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