Posts by THE LEAD
The Shortest Month
After peaking last fall, leveraged loan returns dropped sharply in February. Source: PitchBook
Read MorePrivate Credit in a Post-Rate World (Fourth of a Series)
The proponents and beneficiaries of private capital have long recognized its virtue of being less correlated with headline risk than…
Read MoreHigh Five – 2025 Outlook (Last of a Series)
This week we conclude our series on the private capital outlook for the year ahead with our fifth theme: “A…
Read MoreLiquids Lag
Return performance of broadly syndicated loans consistently lags private credit. Source: Hamilton Lane, Bloomberg, The Daily Shot.
Read MorePrivate Credit in a Post-Rate World (Third of a Series)
As we’ve noted, the banks and private credit managers occupy different places in the corporate finance ecosystem. That’s not to…
Read MoreHigh Five – 2025 Outlook (Sixth of a Series)
In today’s sophisticated market, where capital is concentrated among a smaller number of managers, only the highest quality platforms garner…
Read MoreWorking From Home
Slower M&A has extended time PE-owned companies in portfolios to ten-year high. Source: PitchBook
Read MorePrivate Credit in a Post-Rate World (Second of a Series)
One of the frequent observations of private credit, usually couched as a complaint, is how many competitors are crowding into…
Read MoreHigh Five – 2025 Outlook (Fifth of a Series)
There are clear reasons for a more bullish sentiment to take hold in private capital investment in the year ahead.…
Read MoreHome in the Range
The threat of tariff-triggered inflation should keep Fed Funds rates range-bound. Source: iCapital, Bloomberg, Federal Reserve.
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