TheLeadLeft

Lead Left Interview - William G. Winterer

This week we chat with William G. Winterer, partner, Parthenon Capital Partners. Bill is head of capital markets and a member of Parthenon’s investment committee. Parthenon is a private equity investment firm that has managed funds with over $3.5 billion in total capital commitment with offices in Boston and San Francisco and approximately 20 investment…

Preqin Private Debt Intelligence - 6/6/2016

Private Debt Firms Maintain Lower Management Fees Negotiating appropriately structured fund terms and conditions has long been a key issue for investors across all alternative asset classes. Until recently, the traditional “2 & 20” fee structure for private equity funds has been widely used, but in the past several years these arrangements have become less…

Markit Recap – 5/30/2016

Brexit fears jolt sterling bond liquidity As the UK’s EU referendum approaches, associated uncertainty has seen risk in the sterling corporate bond market rise, with liquidity taking a blow. Sterling corporate bonds have seen credit spreads underperform euro peers so far this year Sterling corporate bond liquidity deteriorated in March, at the height of Brexit…

Leveraged Loan Insight & Analysis - 5/30/2016

According to Thomson Reuters LPC’s year-end survey, the majority of buyside and sellside institutions surveyed estimated that roughly 40% of managers had a Risk Retention solution in place. Maybe not quite put the structure and funding in place but as we approach December 24th, managers have not just been evaluating the various solutions out there,…

Growth and the Fed

It was the medical equivalent of winning the lottery. Patty Ris, an 87 year old resident of a Cincinnati nursing home, began to choke on her hamburger. A man seated next to the woman, seeing her distress, smoothly performed the Heimlich as if he had invented it. The piece of meat popped right out. Turns…

Lead Left Interview - Deborah Hicks Midanek (Part 2)

This week we continue our conversation with Deborah Hicks Midanek, founder and managing partner of Solon Group. Solon is a restructuring and turnaround advisory firm. Second of two parts – View part one TLL: What are the biggest mistakes senior management teams make? Deborah Midanek: Operating problems are fascinating to resolve, and I would love to…

Chart of the Week - Steady as She Grows

Leveraged loan issuers have maintained solid cash flow growth for the past four years, as the economy continues to muddle along. Source: LCD, an offering of S&P Global Market Intelligence