We expected to see a strong start this year for PE deal flow in the U.S. What we found was pretty subdued, especially considering the relatively soft fourth quarter that closed out 2014. Typically, fourth quarter numbers are… Subscribe to Read MoreAlready a member? Log in here...
Contact: Cuong Huynh cuong.huynh@spcapitaliq.com
How much direct lending capacity is in the middle market? Welcome to one of the most frequently asked (and most challenging) questions in the world of leveraged lending. Several factors make this question topical. First, banks are being forced to scale back their ambitions in “risky loans” as regulators bury them with restrictions. Non-regulated entities…
Lufthansa is one of several airline credits to have seen its CDS spreads tighten in line with the falling oil price. But the tragedy last week has led to investors focusing on the German firm, and the scrutiny is inevitably negative. At the beginning of March Lufthansa’s… Subscribe to Read MoreAlready a member? Log in
This week we continue our conversation with Patrick Dalton, CEO, Gordon Brothers Finance Company (GBFC). GBCF is a commercial finance company focused on middle market lending. They originate and underwrite secured loans for both asset-rich and cash flow generating businesses across a wide spectrum of industries. Second of two parts – View part one The Lead Left:…
Andy Kessler published an attention-getting op-ed in the Wall Street Journal this week. “The glory days of private equity are over,” he says, citing rising interest rates, more PE firms competing for… Subscribe to Read MoreAlready a member? Log in here...
US syndicated loan volume took a tumble in 1Q15 to log just over $350 billion, down 27% compared to year ago levels and a more substantive 40% drop over 4Q14 totals. The decline was most notable among leveraged issuers who pushed almost… Subscribe to Read MoreAlready a member? Log in here...