Posts Tagged ‘Private Credit’
Special Report: Private Debt – Search for Transparency
In June 2019 The Lead Left published a series of articles on private debt. This report consolidates those articles.
Read MoreBones and Loans
The 21st century and our prehistoric past met near a parking lot at NASA’s Goddard Spaceflight Center. An amateur paleontologist…
Read MoreSpecial Report: Private Credit vs. Public Debt
Beginning in March 2017 The Lead Left published a series of articles on private credit and public debt. This report consolidates those articles.
Read MoreThe 80/20 Rule of Private Credit
“Capital is destiny.” We’re not sure this pronouncement will make it into the next edition of Bartlett’s Familiar Quotations, but…
Read MorePrivate Credit vs. Public Debt (Last of a Series)
For high-yield bond investors, March has been the cruelest month. First oil prices – often linked to bond prices –…
Read MorePrivate Credit vs. Public Debt (Third of a Series)
The fundamental thesis governing credit risk for bond holders relative to loan holders is that the latter is advantaged by…
Read MorePrivate Credit vs. Public Debt (Second of a Series)
In this series we are examining the characteristics of public debt, such as high yield bonds, compared with those of…
Read MorePrivate Credit vs. Public Debt (First of a Series)
One of the more discussed charts we’ve run in this newsletter recently compared direct lending yields with that of high-yield…
Read MorePrivate Credit Comes of Age
At a loan conference some years ago we referred to middle market loans as the Rodney Dangerfield of capital markets.…
Read MorePrivate Credit and Business Cycles (Last of a Series)
The question of where we are in the business cycle may ultimately be answered only in hindsight. Similarly what triggers…
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