Loan Stats at a Glance – 8/17/2015
Contact: Daniel Mena daniel.mena@spcapitaliq.com
TheLeadLeft
Cash Faux
Leveraged lending guidelines have set six times total leverage as the limit above which a loan would likely be criticized by examiners. Less noted by the media, but of growing interest to market players, are the components of leverage metrics; specifically, how the numerator (debt) and the denominator (cash flow) are being massaged to put…
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Lead Left Interview – Martin Fridson
This week we chat with Martin Fridson, chief investment officer, Lehmann Livian Fridson Advisors. Fridson is “perhaps the most well-known figure in the high yield world,” according to Investment Dealers’ Digest. His firm is a registered investment adviser based in New York City and Miami, managing investment portfolios for investors across the US. The Lead…
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Markit Recap – 8/10/2015
Back in 2010, Brazil’s finance minister Guido Mantega warned that the world was in the midst of a “currency war” in the wake of US quantitative easing. The term is now back in vogue after China made the shock decision to devalue its currency. China has a “dirty” peg against the US dollar, and the…
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Chart of the Week – Midcaps Motor On
For the first time in at least a decade, purchase price multiples for middle market buyouts have topped the metric of their broadly syndicated counterparts. LBO Purchase Price Multiples Source: Thomson Reuters LPC
The Pulse of Private Equity – 8/10/2015
Do holding periods go down from here? For the first time since the crisis, the median holding period for private equity is heading downward. For all exits, the H1 median came in at 5.25 years, a sharp fall from the 6.12 median at year end. Companies that were… Subscribe to Read MoreAlready a member? Log
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Leveraged Loan Insight & Analysis – 8/10/2015
The majority of banks surveyed reported little change in the last three months with only 13 percent of domestic banks reporting easing terms to larger firms, according to the latest Federal Reserve Senior Loan Officer Opinion Survey. This is up slightly from 10 percent at this time… Subscribe to Read MoreAlready a member? Log in here...
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Loan Stats at a Glance – 8/10/2015
Contact: Daniel Mena daniel.mena@spcapitaliq.com