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The Pulse of Private Equity - 1/15/2018

Welcome to the private debt show Download PitchBook’s Report click here. Following the financial crisis, raising funds for private debt vehicles has mirrored—and in some cases exceeded—the exponential growth of the larger private capital market. 2017 was a record year in capital commitments, which totaled more than $118 billion globally…. Subscribe to Read MoreAlready a

Private Debt Intelligence - 1/15/2018

Private Debt Dry Powder As at December 2017, private debt sits on a record amount of $235bn in dry powder, exceeding the previous record of $218 set in December 2015. The $235bn is also an increase of $17bn from December 2016, as well as being over twice the amount of dry powder seen seven years…

Markit Recap – 1/8/2018

Italian bank CDS amid senior non-preferred issuance In our last article of 2017 we noted that it was widely billed as the year of political risk. Perhaps those in the fixed income world will call 2018 the year of TLAC (Total Loss Absorbing Capacity). It doesn’t have quite the same resonance, but there is little…

Animal Farm

2018 will be a good year for loans. We know because, according to the Chinese calendar, we will soon begin the Year of the Dog. Seems dogs are auspicious animals. And the last YOD was 2006, an excellent loan vintage. Well, at least for issuers. The Travel China Guide had this to say: “If a…

Lead Left Interview - Robert Radway

This week we chat with Robert Radway, chairman and chief executive officer of NXT Capital. Started in 2010, NXT is a finance company that is focused on middle market corporate finance and commercial real estate along with having a very significant asset management platform. Prior to NXT Robert Radway was founder and president Merrill Lynch…