Capital Hill

By THE LEAD | February 1, 2017

Sponsors for club buyout financings are putting in more equity capital than either their broadly syndicated or larger middle market counterparts.

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Private Debt Intelligence – 1/23/2017

By THE LEAD | January 23, 2017

Mezzanine Vehicles Drive Private Debt Fundraising in 2016

2016 saw 141 private debt vehicles reach a final close raising a combined $89bn, a slight slowdown from the 156 funds that secured a record $97bn of investor capital in 2015. However, 2016 still marked another year of extremely robust fundraising with investor appetite for the asset class showing no signs of diminishing.

Direct lending funds accounted for the highest number of vehicles closed through the year with 51 vehicles raising a combined $24bn…

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Trading Places

By THE LEAD | January 23, 2017

Spreads for facility sizes of $100 million or less approached 500 bps over Libor at year-end; larger deals contracted to around 450 bps.

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Markit Recap – 1/16/2017

By THE LEAD | January 19, 2017

Speeches by UK prime ministers were rarely market moving events, despite what some of the more breathless commentators in the broadcast media would have you think. But perhaps this has changed since the Brexit referendum in June last year, even if the spin doctors manage the message in advance.

The main thrust of Theresa May’s speech this week was leaked in the days leading up to her address, so traders and investors were not exactly hanging on her every word. But there were still some pronouncements that did affect sentiment, particularly in the FX markets, such as the confirmation that the final deal will be put to parliament…

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