Posts by THE LEAD
Letter from Tokyo (First of a Series)
We began our visit to Tokyo this week attending S&P’s Structured Finance Seminar 2025. Along with almost 200 Japanese bankers…
Read MoreMission Unstoppable
Private credit AUM expected to continue steady growth, driven by direct lending. Source: Fitch Ratings, Preqin
Read MorePrivate Credit – The Final Reckoning (First of a Series)
Moviegoers know that Tom Cruise “does his own stunts.” We always assumed this mostly meant riding motorcycles fast. And even…
Read MoreThere’s a New Tariff in Town (Second of Two Parts)
One criticism of private credit goes something like this: “Sure, private credit has a pretty good track record. But that’s…
Read MoreRising Sun
Japan’s long-dated bond yields have moved up sharply so far in 2025. Source: The Daily Shot
Read MoreLetter from Tokyo (Last of a Series)
“Rice supplies in Japan still low, with prices almost doubled since a year ago.” – Headline, Asia News Network. Always…
Read MoreThere’s a New Tariff in Town (First of Two Parts)
This week we look at questions from clients and friends surrounding the issue of tariffs. Not surprisingly, as we’ve discovered…
Read MoreMiddle Market Deal Terms at a Glance – May 2025
Source: SPP Capital Partners Contact: Stefan Shaffersshaffer@sppcapital.com
Read MorePremium Yields
Spreads for middle market CLOs are distributed higher than their BSL counterparts. Source: S&P Global Ratings
Read MoreLetter from Tokyo (Second of a Series)
Last week we came to Tokyo for meetings with our investors and friends in the region, as well as participating…
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