TheLeadLeft
Survey Says
If you want to know what middle debt investors are thinking, why not ask them? This novel concept was rolled out simultaneously last week by two experienced middle market practitioners in the form of questionnaires. We thought it would be instructive to give you a sense of what the respondents had to say. The first…
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Chart of the Week – Docket Watch
The pipeline for institutional middle market loans is off to a slower start compared to last year, as sellers take a “wait-and-see” attitude on deal appetite. Source: Thomson Reuters LPC
The Pulse of Private Equity – 2/8/2016
28% of U.S. PE Capital Overhang Predates 2013 Vintages Over a quarter of U.S. private equity dry powder is locked up in vintages from 2012 or earlier. That represents about $147 billion total that PE firms have on hand that now exceeds, give or take, three or more years in age—all these figures are sourced…
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Lead Left Interview – Kathryn Dick
This week we chat with Kathryn Dick, Managing Director, Promontory Financial Group. Kathy advises clients on regulatory issues, risk management, and capital market activities. Prior to Promontory, Kathy had a 26-year tenure at the Office of the Controller of the Currency. The Lead Left: Kathy, you’ve had an extensive career in bank regulations. How did…
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Loan Stats at a Glance – 2/8/2016
Contact: Timothy Stubbs timothy.stubbs@spcapitaliq.com
Markit Recap – 2/1/2016
UK linkers outperform despite falling inflation expectations Despite the UK’s monetary policy committee highlighting weak inflation today, inflation-linked gilts have proved to be a strong investment so far this year. UK inflation-linked gilts have returned 5% so far this year, outperforming gilts by 0.8%… Subscribe to Read MoreAlready a member? Log in here...
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2016 – A Look Ahead in the Middle Market (Last of a Series)
“We’re waiting to see what happens.” For many credit investors, and to some extent investors of all stripes, this oft-heard remark captures well the market’s view of 2016 as we enter its second month. In the world of broadly syndicated loans, arrangers are like auto mechanics working in a dark garage. Operating by feel rather…
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Leveraged Loan Insight & Analysis – 2/1/2016
January CLO issuance down dramatically year over year CLO arrangers logged a mere 2 new issues totalling less than US$830 million in January 2016. This was down significantly compared to the year ago period during which over US$5 billion in new CLO vehicles were completed via 9 issues. The slowdown of CLO… Subscribe to Read
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Chart of the Week – Price Talk
Purchase price multiples continue to march higher for middle market buyouts as competition remains keen among private equity buyers. Source: Thomson Reuters LPC