TheLeadLeft

Debtwire Middle-Market – 10/9/2017

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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 comprises of more…

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The Pulse of Private Equity - 10/9/2017

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The PE exit crunch Download Report Here Last week we highlighted the climb in equity contributions in recent years. Relative to debt contributions, equity now makes up 57% of EV year-to-date, a significant percentage that will likely water down future fund returns. A second trend bears mentioning as it relates to returns, highlighted in our upcoming…

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Spot-lite on Cov-lite (Second of a Series)

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News reached us last week that the great mathematician, Monty Hall, passed away at the age of 96. Better known as the host of the 1960’s TV hit, “Let’s Make a Deal,” Mr. Hall lent his name to game theory for the so-called 3-Door Monty Hall Problem. Behind three doors there’s a brand new car,…

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Lead Left Interview - Ilan Nissan (Part 2)

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This week we continue our conversation with Ilan Nissan. Mr. Nissan is a senior partner in Goodwin’s internationally recognized private equity and mergers and acquisitions business. His clients include global alternative asset managers including top tier private equity funds, venture funds, venture capital funds, bank holding companies, hedge funds and family offices. In addition to…

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