TheLeadLeft
The Pulse of Private Equity – 10/30/2017
PE’s growing influence on M&A Download PitchBook’s Report click here. Private equity holdings now make up 11% of all target companies in the M&A market. That percentage was a good deal smaller in the not-so-distant past, but the share of PE-backed M&A targets has steadily increased since the financial crisis. Simple arithmetic explains part of…
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Lead Left Interview – Tim Hopper
This week we chat with Tim Hopper, founder of Macro Fund Advisors. Previously Tim was managing director and chief economist for TIAA. Tim has over 20 years of experience writing and speaking about the global economy. Prior to joining TIAA, Mr. Hopper held various leadership positions in global banking and real estate. He also served…
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Private Debt Intelligence – 10/30/2017
Asia-Focused Distressed Debt Fundraising Over the past ten years, 26 Asia-focused distressed debt funds have closed, securing $7.8bn. Of those funds, just 13 had a focus on India or China, which raised $4.4bn. Seven of those vehicles were India-focused, while five were China-focused. However, 2015 and 2016 saw a jump in India- and China-focused fundraising,…
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Loan Stats at a Glance – 10/30/2017
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Lead Left Interview – Niels Bodenheim (Part 2)
This week we continue our conversation with Niels Bodenheim, senior director of debt research for bfinance. bfinance is an investment consultant that specializes in the implementation of investment strategy, including fund manager research and selection, customized portfolio design, monitoring and fee analysis. Previously Niels was executive director at Mubadala GE Capital, the commercial finance joint…
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Covenant Trends – 10/23/2017
Average Additional General Purpose Debt Capacity for M&A-Related Loans (2017) Contact: Steven Miller smiller@covenantreview
Leveraged Loan Insight & Analysis – 10/23/2017
Leverage levels diverged on middle market sponsored deals in 3Q17 When it comes to lending to smaller issuers, bank and non-bank lenders have very different risk tolerances in today’s market. Back in 2013 banks and non-bank lenders both lent to middle market issuers at similar leverage levels. However over time that has diverged due to…
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Select Deals in the Market – 10/23/2017
☞ Click for a larger image.