TheLeadLeft
Markit Recap – 6/30/2014
The World Cup group stages have been finalised yesterday with many surprise exits, and it appears South American nations will be dominating the second stage of the world’s largest sports event…. Subscribe to Read MoreAlready a member? Log in here...
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Loan Stats at a Glance – 6/30/2014
Source: S&P Capital IQ Contact: Robert Polenberg robert.polenberg@spcapitaliq.com
Why CLO’s Matter (Part Three)
Until recently, institutional investors have always had a love-hate relationship with the middle market – minus the love. Compared to reassuringly large, liquid credits, companies with less than $50 million in Ebitda tend to be private, their debt unrated, their businesses niche-oriented, their access to public markets limited, and their management teams entrepreneurially lean. Further,…
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Lead Left Interview – Robert Grunewald
This week we speak with Robert Grunewald, chief investment officer at BDCA Advisor, LLC. BDCA (Business Development Corporation of America) is a BDC focused on senior debt investments in middle market companies. The Lead Left: Bob, please give us a little of your background. Bob Grunewald: I’m the CIO for BDCA Advisors. We manage…
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Why CLO’s Matter (Part Two)
After publication last week, we were concerned we had been a bit rough on our bank friends in dismissing the ability of regulated institutions to adapt as readily as CLO’s when loans became troubled. An informal survey of those friends revealed that, if anything, we had been too generous. “You were spot on with your…
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Chart of the Week – 6/23/2014
Two-Bit Performance While two quarters does not a full year make, CLO issuance for 2Q this year will be the best second quarter in loan market history. That would beat 2007’s record of almost $33 billion, when annual volume hit just under $105 billion…. Subscribe to Read MoreAlready a member? Log in here...
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Loan Stats at a Glance – 6/23/2014
Source: S&P Capital IQ Contact: Robert Polenberg robert.polenberg@spcapitaliq.com
Leveraged Loan Insight & Analysis – 6/23/2014
At nearly $240 billion, 1H14 sponsored loan volume to date is on a steady upward trajectory, with a 21percent increase over 2H13 issuance (although still shy of 1H13 totals of $335 billion) with almost two weeks left in the quarter. … Subscribe to Read MoreAlready a member? Log in here...
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