Credit investors will remember the summer of 2012 as the turning point of the eurozone sovereign crisis. Mario Draghi’s “whatever it takes” intervention caused a decisive shift in sentiment and triggered a long rally that has lasted to this day…. Subscribe to Read MoreAlready a member? Log in here...
Coming Attractions Lower interest rates have this year pushed cash into junk bond mutual funds and out of loan funds, though the velocity for both is slowing. Additional Sources: S&P, Forbes… Subscribe to Read MoreAlready a member? Log in here...
Private equity is very much a global beast. As such, when thinking about deal activity trends, it is increasingly important to be aware of what is happening beyond U.S. borders. The largest private equity market outside of North America is,… Subscribe to Read MoreAlready a member? Log in here...
The long awaited pick-up in M&A-related lending is finally making a comeback this year. The second quarter has seen many deals coming to market and many others are in the works, bringing much coveted M&A loans into market…. Subscribe to Read MoreAlready a member? Log in here...
The apparent contradiction between optimism on economic growth and ultra-low government bond yields is preoccupying investors as we head into the summer…. Subscribe to Read MoreAlready a member? Log in here...
Source: S&P Capital IQ Contact: Robert Polenberg robert.polenberg@spcapitaliq.com
This week we continue our conversation with Justin Kaplan, Partner, Balance Point Capital Partners, a lower-middle market investment firm with offices in Westport, CT and Hartford, CT. Second of two parts – View part one The Lead Left: Cov-lite? For a $5 million ebitda business? Justin Kaplan: When I say “cov-lite,” I mean that mezz investors usually get three or…
We don’t know anyone who’s seen the latest Godzilla movie, yet it’s grossed more than $375 million worldwide. On the other hand, the clearly-destined-to-be-a-cult-classic Vampire Academy has barely scraped in $15 million. Life, we suppose, is unfair. While not as profound on the scale of life’s mysteries, we have also cogitated on the ongoing spectacle…
It was the finale of the longest, slow-motion credit tumble ever witnessed, and certainly the most anticipated spectator event since the long-awaited Family Guy movie. On April 29, Energy Future Holdings filed for bankruptcy creating the largest default – $19.5 billion – in the history of leveraged loans. Creditors have been jostling for position for many months, a dance…