Chart of the Week – The Bigger They Are
As banks retreat under regulatory pressures, non-banks are bulking up in their capacity to do larger middle market deals Average Middle Market LBO Size Source: Thomson Reuters LPC
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The Lead Left – A Special Report: Why BDCs Matter
Beginning in June 2014 The Lead Left published a series of articles discussing the relative merits of investing in middle market senior debt and their broadly syndicated counterparts. This report consolidates those articles: What is a BDC? The BDC Structure BDCs and Leveraged Loans BDCs and the Investor
Loan Stats at a Glance – 3/30/2015
Contact: Robert Polenberg robert.polenberg@spcapitaliq.com
Markit Recap – Fed boosts Latam credit
The bearish sentiment around Latin American credits was reversed last week as the US Federal Reserve signalled a more cautious economic outlook and subsequent slower path for monetary tightening. Vast quantities of emerging market debt, like that in Latin America, are denominated in US dollar…. Subscribe to Read MoreAlready a member? Log in here...
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Lead Left Interview – Patrick Dalton
This week we speak 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. The Lead Left: Patrick you joined GB Credit Partners recently, but…
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The Art of Pricing Loans (Last of a Series)
Last week we noted the coincidence between “Pi Day” and the birth date of Albert Einstein, but pondered any π connection with that other March 14 celebrity, Billy Crystal. One astute TLL reader (and keen observer of the pop scene) solved that riddle for us: Https://m.youtube.com/watch?v=ohmha1NsQRU. Well done. In closing out our series on loan pricing,…
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The Pulse of Private Equity: A tale of two markets
We’ve used this space several times to talk about the U.S. PE dealmaking landscape. Depending on which statistics you’re looking at, PE firms are targeting great companies and paying… Subscribe to Read MoreAlready a member? Log in here...
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Leveraged Loan Insight & Analysis – 3/23/2015
While the year began with the market tilted in favor of institutional investors, there have been some changes. With limited supply of institutional paper, investors are jumping into attractive credits, and issuers have been able to gain the upper hand…. Subscribe to Read MoreAlready a member? Log in here...
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Chart of the Week – The Thrill is Gone
As loan spreads have widened over the past year, the incentive for borrowers to seek better terms has diminished sharply. Source: Thomson Reuters LPC