Select Deals in the Market – 6/5/2017
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TheLeadLeft
The Pulse of Private Equity – 6/5/2017
The maturation of the buyout industry View PitchBook’s 2017 Global PE & VC Fund Benchmarking Report: Part II Here To conclude our analysis of select topics grounded in fund performance data, we must discuss a topic that has become increasingly prevalent as of late: the maturation of the buyout industry and what that entails for…
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Lead Left Interview – Chris Ullman (Part 2)
This week we continue our conversation with Chris Ullman, Managing Director and Director of Global Communications at The Carlyle Group. Prior to Carlyle, Chris was Director of Communications at the US Office of Management and Budget, and before that, Director of Public Affairs for the SEC. He is author of the soon-to-be-published memoir and inspirational…
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Loan Stats at a Glance – 6/5/2017
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Markit Recap – 5/29/2017
Italian banks give up gains We posited after the French election that Italy was now the most likely country to trigger a material bout of political risk. Italy, of course, is no stranger to instability, having had 42 prime ministers since World War II. But it didn’t have an election scheduled for this year, with…
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Select Deals in the Market – 5/29/2017
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Leveraged Loan Insight & Analysis – 5/29/2017
Primary leveraged yields tighten in May After widening in April, average yields have tightened in May, but are still above their March level. The average yield, assuming a three year term to repayment on first-lien institutional loans is 4.87% in May, down from 5.03% in April but still 20bp above the… Subscribe to Read MoreAlready
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Debtwire Middle-Market – 5/29/2017
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…
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The Case for Covenants (Part Two)
An astute Lead Left reader appreciated the first part of our special series on covenants. He alerted us to a ironic development Friday in the high-yield bond market. According to Bloomberg, bondholders of the commodities trader, Noble Group, saw values drop below 50 cents on the dollar on a negative earnings surprise. Apparently the bonds…
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