Posts by THE LEAD
Fresh Meat
Loans involving new financings, not just repricings, represented 72% of all 1Q middle market sponsored transactions.
Read MorePrivate Debt Intelligence – 4/10/2017
Q1 2017 Private Debt Fundraising
After a sluggish start to 2016, private debt fundraising saw a huge acceleration in pace over the year, and secured a record $50bn of investor capital in the final quarter of the year. While the opening quarter of 2017 failed to match this activity, momentum has nonetheless continued into the year with fundraising expected to maintain or increase this pace in the coming months…
Read MoreLoan Stats at a Glance – 4/10/2017
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Read MoreMiddle Market Deal Terms at a Glance – Apr 2017
Source: SPP Capital Partners Contact: Stefan Shaffer stefan@sppcapital.com
Read MoreMarkit Recap – 4/3/2017
Many names have a certain kind of notoriety in the CDS market. TXU, Hellenic Republic and more recently iHeart – all posed significant challenges to the efficacy of the CDS product.
Another prime example is Novo Banco. The Portuguese name was created as a “good bank” in the restructuring of Banco Espirito Santo in August 2014. This was immediately prior to the introduction of the ISDA 2014 definitions in September of that year. The good bank/bad bank split highlighted some of the flaws in the 2003 definitions: namely senior debt restructurings triggering subordinated CDS and ambiguity around state bail-out of financials…
Read MoreGrowing Gap
While middle market yields are range-bound, large cap spreads have been dropping fast.
Read MoreElements of Corporate Risk (First of a Series)
Institutional investors are combing through the private credit market searching both for higher returns and experienced managers to deliver those…
Read MoreStat of the Week: S&P 1500 Apparel Retail Index
Lead Left Interview – Stephen Boyko
This week we chat with Stephen Boyko of Proskauer. Steve is a partner in the firm’s corporate department and co-head…
Read MorePrivate Debt Intelligence – 4/3/2017
Placement Agents and Private Debt
Placement agents servicing the private debt industry have been expanding their services to keep up with the development of the asset class. In addition to their traditional role of connecting fund managers with suitable investors, placement agents increasingly offer ongoing investor relations assistance, and services to help fund managers comply with regulatory standards…
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