Posts by THE LEAD
Relative Compression
Private credit yields have narrowed since 2023, but less than for single-Bs. Source: KBRA DLD
Read MoreBack to School (Part One)
Getting our heads back into markets, we reflect this week on the shape of public equities and fixed income. The…
Read MoreTariff Drag
Growth forecasts for this year and next are well below last December’s estimates. Source: Oxford Economics/Haver Analytics
Read MoreThe Force Awakens – Churchill 2Q Private Equity Survey (Part Two)
In response to our Reflections on Wimbledon two weeks ago, a long-time Lead Left reader informed us that the famed…
Read MoreRisk On/Risk On (Part Two)
What is coming through clearly in our conversations with credit professionals is that we are in a risk-on world. Somewhat…
Read MoreAll-Weather Buyouts
While direct lending was subdued with rate liftoff, it’s recovered despite tariff noise. Source: DLD KBRA
Read MoreThe Force Awakens – Churchill 2Q Private Equity Survey (Part One)
Life happens at inflection points. This goes for capital markets as well. Whether changes in interest rates (high to low),…
Read MoreRisk On/Risk On (Part One)
What’s the state of the US leveraged loan market, and what’s the outlook for the rest of the year? Those…
Read MoreLoans Unleashed
July set record monthly leveraged loan volume; eight of top ten highest in last two years. Source: PitchBook, Bloomberg
Read MoreReflections on Wimbledon
As a long-time observer and amateur practitioner of the game, we enjoy the season when tennis arrives at the hallowed…
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