TheLeadLeft

Take-offs and Landings: Middle Market Loans vs Economic Cycles

Last month, in an historic achievement, a French inventor named Franky Zapata flew his hoverboard, the Flyboard Air, across the English Channel. It was also the 110th anniversary of France’s first successful plane crossing. His success was not guaranteed. Ten days earlier, Monsieur Zapata crashed at the halfway point trying to refuel. Said the unharmed […]

Private Debt Intelligence - 9/30/2019

Private Debt Investors’ Attitude Towards ESG The discussion around environmental, social and governance (ESG) within alternative assets has never been so lively as it is now. Investors are conscious of the importance of ESG investing and they are carefully looking for funds to ensure they meet the requirements in this area. At the same time,…

PDI Picks – 9/30/2019

Asian credit fundraising is a drag A dip in H1 2019 private debt fundraising numbers doesn’t mean the year’s total will finish less than prior years, as the second half of the year is typically stronger than the first. Capital raising in the Asia-Pacific region has lagged in the first half of the year, pulling…

A Little Around the Sides

News reached us last week of the passing of Anthony Mancinelli. According to Guinness World Records, Mr. Mancinelli at 108 was the oldest working barber. Cutting hair since Warren Harding occupied the White House, the barber from Naples emigrated to the US in 1919 and opened his first shop in Newburgh, NY. He kept snipping…

Debtwire Middle-Market – 9/30/2019

Lenders push for higher Libor floors in the face of interest rate cuts Source: Debtwire Par Recent interest rate cuts by the Federal Reserve has prompted lenders to request higher Libor floors on leveraged loans. Earlier this month, the Federal Reserve cut interest rates by 25bps for the second time in 2019, and 3-month Libor…