TheLeadLeft

The Pulse of Private Equity - 1/29/2018

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Software is eating private equity Download PitchBook’s Report click here. The typical hold time for portfolio companies is 5-7 years. As we’ve discussed with the retail sector and others, a lot can change these days in that amount of time. Investors can get caught flat-footed by rapid developments in consumer behavior, energy prices, new legislation,…

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Easy Money

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“The world is going up in a straight line, but for how long?” Such was one Euro banker’s query from the lofty aerie at the Davos World Economic Forum. Despite potential global worries including terrorism, nationalism, and bubblism, the mood was buoyant. “There’s always things to worry about,’ said another, “but not a lot until…

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Lead Left Interview - Jim Hudak (Part 2)

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This week we continue our conversation with Jim Hudak, President, CIT Commercial Finance. Jim has been with CIT and predecessor companies (AT&T Capital, Newcourt, Tyco) since 1991. He has also run the Corporate Finance Group at CIT, which comprises leading industry verticals in Aerospace & Defense, Commercial & Industrial, Communications, Media & Entertainment, Energy and…

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Debtwire Middle-Market – 1/29/2018

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Source: Cliffwater Direct Lending Index and BofA Merrill Lynch US High Yield Effective Yield The red line in the chart is the *Cliffwater Direct Lending Index (CDLI) current yield, which is based on the investment income of the underlying assets held by public and private BDCs. BDCs invest in middle market companies, and the Index…

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Private Debt Intelligence - 1/29/2018

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Private Debt Set to See Record Capital Distributions in 2017 Private debt has seen strong performance in recent years, which has driven the elevated levels of capital distributed back to investors. In fact, private debt funds returned 18.4% in the year to June 2017, and 10.9% in the five years to that point. When looking…

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