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Review of the Loan Middle Market – Performance in 2016 and Expectations for 2017

May 2, 2017 – Randy Schwimmer, Head of Origination and Capital Markets, Churchill Asset Management, discusses the state of the middle market loan environment, including changes in loan distribution dynamics and deal structure trends.

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… and in private credit: beware ‘stretching’ for yield

April 9, 2017 – Institutional investors are combing the private credit markets, searching for higher returns. But the key to understanding higher-yield investments is to appreciate the kind of credit risks their managers are taking, according to Randy Schwimmer. There are implications in “stretching” for yield…

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Will PE investments outperform the S&P 500 in 2015?

February 26, 2015 – Pitchbook recently spoke with ACG New York Board Member Randy Schwimmer, founder of The Lead Left and former managing director at The Carlyle Group, to get his thoughts on the survey and the PE landscape in 2015…

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Do public markets affect PE deal volume in the U.S.?

DECEMBER 12, 2014 – Schwimmer points out the inherent difference between debt investors and equity investors, explaining that investors interested in debt markets are seeking appreciation through yield rather than capital gains…

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AXIAL

Eve of Another Bust? Is this 2007?

AUGUST 13, 2014 – We’ve interviewed Randy Schwimmer, one of the world’s leading authorities on the private debt markets, to help us better understand the current state of the debt markets and what this portends for the level of deal activity going forward…

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Publisher Schwimmer: ‘Your tour guide in loan land’: Buyouts

MAY 6, 2014 – After a two-year hiatus, Randy Schwimmer is back with his weekly e-newsletter covering the middle-market leveraged lending scene. The Lead Left, which debuted last week, is the successor to On the Left, the popular e-newsletter that Schwimmer wrote while he was a senior managing director and head of capital markets at Churchill Financial…

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BLOOMBERG

Schwimmer Says Appetite for CLOs Is Returning

MAR 23, 2012 – Randy Schwimmer talks with Bloomberg’s Lori Rothman about the return to the market of collateralized loan obligations. Schwimmer also discusses the structure of the CLOs and the risks associated with the instruments…

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Port in the leveraged loan storm

SEP 7, 2011 – It was early Sunday morning on the southern Rhode Island coast, the brunt of Hurricane Irene still hours away, when the electricity went off in our vacation rental…

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The new york times

A Junk Bond Party, but Will the Fireworks Fade?

NOV 19, 2010 – Mr. Schwimmer pointed to the popularity of high-yield financings known as “dividend recaps,” in which private equity firms push their portfolio companies to market in order to pull out some of their investment. Mr. Schwimmer called those deals “a vivid sign of investor over-exuberance.”…

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BLOOMBERG

LBO Boom’s Last Vestiges Would Disappear With BCE Deal’s Demise

NOV 26, 2008 – “BCE is really an Old World transaction,” said Randy Schwimmer, senior managing director and head of capital markets of New York-based Churchill Financial LLC. “In the New World, private equity buyers are looking to tease out value wherever it can be found, whether that’s in smaller new issues, distressed paper or mining their own portfolios.”…

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