Loan Stats at a Glance – 7/28/2014
Source: S&P Capital IQ Contact: Robert Polenberg robert.polenberg@spcapitaliq.com
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Leveraged Loan Insight & Analysis – 7/21/2014
Cumulative CLO assets under management (AUM) increased to $335 billion in July with CLO AUM reaching $65 billion for CLOs with 2014 vintage. This figure is quickly catching up to the $81 billion in assets under management for 2013 vintage… Login to Read More...
Chart of the Week – 7/21/2014
Prime Targets Retail loan funds have suffered outflows 14 of the past 16 weeks, shrinking net additions to $765 million so far this year, compared to $30 billion for the same period last year…. Login to Read More...
Markit Recap – 7/21/2014
European banks are no strangers to unpleasant shocks. The latest came from Portugal, where Banco Espirito Santo (BES) came under pressure following news that the Espirito Santo holding company – BES’s largest shareholder – had run into financial difficulties…. Login to Read More...
Loan Stats at a Glance – 7/21/2014
Source: S&P Capital IQ Contact: Robert Polenberg robert.polenberg@spcapitaliq.com
Are We Back to 2007? (Second of a series)
One of the most noted stories of the current loan market is the amount of investor cash that has re-entered the asset class since 2010. While it certainly has produced eye-catching frothiness, how does this liquidity compare with the definitional froth of 2007? In our just-published series on the role of CLOs in both past…
The Pulse of Private Equity – 7/21/2014
Despite all the talk of a “playground” in Europe for private equity buyers, we aren’t seeing the kinds of deal flow we might expect if we only read the headlines. We found a decline in buyout activity in the second quarter, which saw 261 control investments versus 332 in Q1. Second quarter deal activity didn’t…
Lead Left Interview – Michael J. Hall
This week we speak with Michael J. Hall, managing partner at Yukon Capital Partners. Yukon provides mezzanine capital to middle market businesses with a focus on deals controlled by private equity sponsors. The Lead Left: Mike, how long has Yukon been around? Mike Hall: In February, 2008, Bill Dietz and I left Norwest Mezzanine to start Yukon….
The Pulse of Private Equity – 7/14/2014
Secondary Buyout Activity Secondary buyout activity seems to be declining somewhat thus far in 2014, with only 230 recorded in the PitchBook Platform. 2013, in comparison, saw 486, and 2012 logged the current record of 514…. Login to Read More...