Chart of the Week – Sweep Stakes
The total share of loans that waived or reduced cash flow sweeps is still not back to pre-crisis levels, but those that waived sweeps is at an all-time high.
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The Pulse of Private Equity – 4/27/2015
The Decline of Platform Buyouts We’ve talked previous about the decline of platform buyouts, as add-ons rise and competition from strategic acquirers makes platform targets more expensive from a valuation perspective. While that’s still undoubtedly true,… Subscribe to Read MoreAlready a member? Log in here...
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Leveraged Loan Insight & Analysis – 4/27/2015
In 1Q15, higher yields in the leveraged loan market were apparent in both the large corporate and institutional middle market. However, data submitted to LPC from middle market lenders for smaller club sponsored deals indicated that pricing continued to… Subscribe to Read MoreAlready a member? Log in here...
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Loan Stats at a Glance – 4/27/2015
Contact: Cuong Huynh cuong.huynh@spcapitaliq.com
Markit Recap – 4/20/2015
Earnings season has started strongly with most firms beating expectations, but Greece’s uncertain status within the eurozone continues to dampen positive momentum. The latter part of the last sentence is all too familiar to market participants,… Subscribe to Read MoreAlready a member? Log in here...
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Private Equity is Done…Well, Not Quite (Last of a Series)
This week we wrap up our three-part response to the contention, as argued in an articulate WSJ op-ed by Andy Kessler that the glory days of private equity are over. One interesting contention made by Mr. Kessler is that PE is “holding back the economy.” He uses examples of buying drugstores and car-rental companies, leveraging…
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Lead Left Interview – David M. Walker (Part 2)
This week we continue our conversation with the Hon. David M. Walker, Senior Strategic Advisor, PwC, Founder, Comeback America Initiative, and former Comptroller General of the United States. Dave Walker is the author of Comeback America: Turning the Country Around and Restoring Fiscal Responsibility (2010), and will be a keynote speaker at the 22nd annual Atlantic…
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Chart of the Week – Back from the Dead
Cash flowed into retail loan funds for the first time in two months. The $530 million figure was also the largest such in-flow in more than a year. Source: S&P/LCD, Lipper