Commentary
The New Order: Leverage Finance in an Asset Management World (First of a Series)
We were perusing recently a piece on the future of private equity in an excellent state of the market study…
Read MoreHow to Stop Worrying About the Maturity Wall (Last of a Series)
It is a measure of the impact the GFC had on regulators, financial policy makers, and the capital markets that…
Read MoreHow to Stop Worrying About the Maturity Wall (Second of a Series)
A recent report from KBRA’s research team (“Private Credit: 2024 Maturity Wall is a Myth”) outlined three conditions that need…
Read MoreHow to Stop Worrying About the Maturity Wall (First of a Series)
There are a few things about leveraged loans that create anxiety among those less familiar with the workings of that…
Read MoreFour for ’24 (Last of a Series)
In the absence of fully functioning public markets during the Fed’s intense anti-inflation campaign, liquidity was drained, not just from…
Read MoreFour for ’24 (Fourth of a Series)
Last week we wrote about the growing gap between private capital winners and losers. That will only accelerate as today’s…
Read MoreFour for ’24 (Third of a Series)
The current brew of macro pressures and broader uncertainty have combined to fuel an intriguing effect across multiple dimensions. In…
Read MoreFour for ’24 (Second of a Series)
The US economy continues to roll along. December’s labor report showed 261,000 new jobs, a vigorous uptick from the 173,000…
Read MoreFour for ’24 (First of a Series)
2023 was characterized by several key themes in the capital markets. The Fed’s battle against inflation, the resulting impact on…
Read MoreThe New Paradigm (Last of a Series)
In the capital markets this year, it’s all been about rates and inflation: can the Fed’s higher-for-longer regime bring prices…
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