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Markit Recap – 11/30/2015

Puerto Rico’s (PR) development bank successfully made a $354m debt payment this week, closely staving off defaulting on its GDB bonds. PR’s 8% 2035 GO bond saw its price climb 2.5pts to 75.00 (cash basis to par) according to Markit’s municipal bond pricing service. The jump marked a new two… Subscribe to Read MoreAlready a

Safe Landing

While most Americans were in the midst of Thanksgiving preparations last week, Amazon founder Jeff Bezos was making space history. In the first successful test flight of a rocket with all reusable parts, the New Shepard booster landed four feet from where it had taken off on the plains of West Texas. Next step: human…

Lead Left Interview - Josh Lerner

This week we chat with Josh Lerner, the Chair of the Entrepreneurship Unit and the Jacob H. Schiff Professor at Harvard Business School. He has recently been named one of the 100 most influential people in private equity over the past decade by Private Equity International magazine. He currently serves as Vice Chair of the…

The Pulse of Private Equity - 11/30/2015

Could PE Return Multiples Begin to Stagnate? Driven by the seller’s market over the past few years, recent private equity fund vintages have seen their return multiples improve considerably. Distributions back to limited partners have risen to staggering levels, with 2014 seeing no less than $467.8 billion alone…. Subscribe to Read MoreAlready a member? Log in here...