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Leveraged Loans and Systemic Risk (First of a Series)

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“It is difficult for us to envision a scenario in which the leveraged loan market causes the next financial crisis.” – Beth MacLean, loan portfolio manager, PIMCO. We aren’t often torn between which notable Quotes of the Week to feature. This issue, however, presented us with outstanding insights from two long-time credit practitioners. Let’s go…

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The Pulse of Private Equity – 2/25/2019

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Downturn opportunities don’t last long Bain & Company released its annual private equity report this week. It’s required reading for the industry every year. One of their more salient points is the resiliency of purchase price multiples following downturns. In the two-year window between 2009 and 2011,… Subscribe to Read MoreAlready a member? Log in

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Leveraged Loan Insight & Analysis - 2/25/2019

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Privately placed second-lien issuance picks up this quarter So far this quarter there is US5.2bn in completed and pipeline second-lien issuance, well below the US$8bn level it has reached the previous nine quarters. In addition, a greater share of second-lien issuance is getting privately placed…. Subscribe to Read MoreAlready a member? Log in here...

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PDI Picks – 2/25/2019

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Private debt is expanding despite its competitiveness PDI data show almost twice the number of investors this year are set to expand their GP relationships than decrease them. Many limited partners have already set their private debt investment pacing plan for the year and, pending their fiscal year, may be getting ready to decide another…

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