Posts by THE LEAD
Letter from Kuala Lumpur (Second of Two Parts)
APAC countries each have their own path to investing in alternatives and private capital. Most key Malaysian institutions began with…
Read MoreCollateralized Loan Observations
Since the Fed began its rate hike regime in March 2022, MM CLO activity has grown. Source: PitchBook
Read MoreLetter 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 MoreLetter from Kuala Lumpur (First of Two Parts)
Last month our travels took us to Malaysia’s capital, Kuala Lumpur, a city of about 2 million. There we met…
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 MorePoised for a Rebound?
Since the early 1800’s, tariff’s share of US government revenues has shrunk dramatically. Source: The Cato Institute
Read MoreLetter from Down Under (Second of Two Parts)
As the Australian market has matured, it has geared a variety of private credit products to different investor types. These…
Read MoreWhat is a Tariff, Anyway?
Google searches for “tariff” hit a peak around Liberation Day but have trailed off since. Source: Google Trends
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 MoreLetter from Down Under (First of Two Parts)
In our travels last month to Perth, Melbourne, and Sydney, we had over twenty meetings with clients and friends that…
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