TheLeadLeft

Leveraged Loan Insight & Analysis - 11/27/2017

Middle Market LBO issuance hits post credit crisis high at $24B Despite lenders complaining of a supply demand imbalance for most of the year, middle market LBO issuance is actually quite robust in 2017. Year to date, syndicated middle market LBO loan issuance has already reached US$24.2B, the highest level tracked post credit crisis and…

Debtwire Middle-Market – 11/27/2017

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 comprises of more…

Sweet Success

Thanksgiving weekend included this family’s first trip to Hershey, Pa. For three little girls HersheyPark and Chocolate World were candy-coated nirvana. Life doesn’t get sweeter than designing your own chocolate bar. Sprinkles? Butterscotch chips? Yum. For adult vacationers the story of Milton Hershey’s entrepreneurial journey was educational. His formal schooling ended in fourth grade. Two…

Lead Left Interview – Mark MacTavish

This week we chat with Mark MacTavish, a Managing Director at ONCAP, which is the dedicated middle market private equity platform of Onex Corporation. Onex was founded in 1984 and manages approximately $24 billion in assets, principally through two private equity platforms, in which each Onex is the largest investor. In November 2016, ONCAP raised…