The PE Fundraising Trail Never Looked So Good Blackstone CEO Steve Schwartzman made headlines this week after saying he has “begged, literally begged” young PE execs not to strike out on their own… Subscribe to Read MoreAlready a member? Log in here...
The result of the Greek elections on Sunday were quite clear – an emphatic victory for the anti-austerity SYRIZA party. The Greek public have signalled that they want to move in a different direction from the path of austerity… Subscribe to Read MoreAlready a member? Log in here...
After a slow start, flex activity reactivated in the institutional loan market last week. So far in January, upward priced flexes on first-lien institutional term… Subscribe to Read MoreAlready a member? Log in here...
The U.S. Company Inventory is Plateauing One of the concerns facing private equity over the past few years is the rising number of companies under PE control. The U.S. company inventory,… Subscribe to Read MoreAlready a member? Log in here...
Commentators on the financial markets can sometimes be prone to hyperbole, but it is surely no exaggeration to state that the next few days are crucial in determining sentiment for 2015 and beyond. First up is the ECB, and the expected QE announcement…. Subscribe to Read MoreAlready a member? Log in here...
First-lien institutional yields have widened so far in January to levels not seen since July 2012. The average first-lien term loan B yield is 6.39 percent so far this month, up from 6.11 percent in December. After… Subscribe to Read MoreAlready a member? Log in here...
Record Year for Middle Market The U.S. middle market is usually responsible for ~60% – 70% of PE activity in any given year. Not in 2014. Last year the middle market accounted for 78% of all PE activity by count,… Subscribe to Read MoreAlready a member? Log in here...
The precipitous decline in the oil price has taken some of the attention away from Greece, albeit until the elections next week. Less than four months ago the price of WTI crude was more than $100 a barrel; now it is languishing below $50…. Subscribe to Read MoreAlready a member? Log in here...
At $940 billion, leveraged loan issuance fell 17 percent from 2013’s record, as opportunistic refinancings fell 38 percent to $547 billion on the back of periods of volatility and slowing retail demand. Although top line figures were dragged down by the decline in refinancing volume, the 21 percent jump in leveraged… Subscribe to Read MoreAlready a
Expect More of the Same in 2015 Final PE numbers for 2014 are in. U.S. deal flow nearly matched 2013 levels at 2,955 investments, but the bigger story was in total value, which grew to $523 billion over 2013’s $501 billion…. Subscribe to Read MoreAlready a member? Log in here...