Posts by THE LEAD
State of the Capital Markets – Fourth Quarter 2016 Review and First Quarter 2017 Outlook
Review of Current Market Conditions/ Analysis of Capital Markets Metrics Including Covenants, Pricing, and Leverage/ Review of Credit Quality/ Outlook for First Quarter 2017
Read MoreLead Left Interview – David Petrucco, Ed Cerny, and Mark Gudis
This week we chat with David Petrucco, Ed Cerny, and Mark Gudis – founding partners of Backcast Partners Management. Backcast…
Read MoreA Year in Review (Second of a Series)
Along with the sense that mid-cap lenders can now more than hold their own against the largest investment banks in…
Read MoreBumping Up
Reported loan activity for sponsor-related syndications rose modestly last year over 2015; private “club” volume expected to be higher.
Read MorePrivate Debt Intelligence – 1/9/2017
Private Debt: 2016 Fundraising Update
In 2016, the private debt industry saw a cool-off in fundraising following the banner year in 2015 when almost $100bn was raised. The year was also characterised by a concentration of capital among the larger, more experienced managers while the fundraising marketplace grew increasingly congested as investor appetite for private debt increases.
Overall, 119 funds closed globally raising a combined $74bn, with Preqin expecting these figures to rise by up to a further 10% as more information becomes available…
Read MoreLoan Stats at a Glance – 1/9/2017
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Read MoreMarkit Recap – 1/2/2017
John Maynard Keynes said we live in a world of irreducible uncertainty, while neoclassical economists state that perfect information is available and people make rational expectations. The events of the last decade suggest that the former school of thought has more credence, though “freshwater” economists would no doubt disagree.
Uncertainty of the political variety looks set to be the overriding theme for 2017, regardless of whether one thinks the market is driven by rational agents or not. A new US president promising radical policy changes; elections in France, Germany and the Netherlands…
Read MoreSpecial Report: Why Sponsors Matter
Beginning in September 2016 The Lead Left published a series of articles on sponsors. This report consolidates those articles.
Read MoreA Year in Review (First of a Series)
The notion that the middle market has reached a level of maturity was supported by a plethora of evidence this…
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