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Fish in a Barrel

The San Antonio Aquarium was the site last week of an unusual heist. A horn shark was swiped from a petting pool by two men and a woman posing as employees of a marine salt supplier. They made off with the foot-and-a half long fish in a baby stroller. Police recovered the shark, named Miss…

The Pulse of Private Equity – 8/6/2018

Strategics are the real barbarians “Barbarians at the gate” is an idiom that has lived past its shelf life. Classifying PE firms as barbarians implies they can raid and conquer at will. There was a tinge of truth to that in the 80s, but it’s a laughable argument in today’s market. As any investor will…

PDI Picks – 8/6/2018

Emerging markets are on the rise for private debt Much of the activity has been in India, one market source told PDI, where distressed debt has been attractive as a result of new bankruptcy rules. Private debt targeting emerging markets has been trending upward in recent years, and 2018’s total may be poised to surpass…

Leveraged Loan Insight & Analysis - 8/6/2018

A third BDC issues public equity this year, but issuance remains at 16-year low Source: Thomson Reuters LPC, Wells Fargo Securities LLC TriplePoint Venture Growth BDC, a venture capital BDC, announced it is tapping the public markets to raise follow-on equity making it only the third public BDC to raise new equity this year. The…

Private Debt Intelligence - 8/6/2018

Largest Private Debt Fund Managers Dominate Industry The private debt industry has grown exponentially over the past decade, holding more than $650bn in assets as of the end of 2017. However, as with other private capital asset classes, the industry is seeing an increasing amount of capital being concentrated among a small number of the…