Select Deals in the Market – 4/4/2016
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This week we continue our conversation with Tim Kelly, a 30+ year veteran of private equity and capital markets. Since retiring as a senior investment Partner with Adams Street Partners, Tim has completed his Ph.D. in Organizational Psychology. His focus is what investors, LPs, GPs, and capital market participants can learn by applying new perspectives…
The Bigger, the Better: Private Equity Funds Still Trending Upward in Size Although there is a fair amount of quarterly variance in median private equity fund sizes, there has been a distinct trend upward since the end of 2013, with the closing quarter of 2015 cresting at just over $300 million across all PE fund…
U.S. leveraged lending, at US$112bn in 1Q16, was down 29% from 4Q15 Instability in oil prices and credit concerns in energy and metals and mining, coupled with worries that slowing global growth could impact the U.S., amplified what was already shaky sentiment heading into this year. Although seeing opportunities, some distressed funds waited to pull…
Contact: Timothy Stubbs timothy.stubbs@spcapitaliq.com
Returns on US dollar denominated emerging market (EM) bonds have outstripped developed nation peers so far this year, as confidence in the region has returned after market volatility in late 2015. Since January 2016, dollar denominated EM sovereigns and corporates have returned 4.3% and 3.2% respectively, according to Markit’s iBoxx indices. The returns surpass those of…
1Q16 US Syndicated loan volume tumbles 19% y-o-y; Down a more substantial 37% q-o-q US syndicated loan volume took a tumble in 1Q16 to log just over $310 billion, down 19% compared to year ago levels and a more substantial 37% drop over 4Q15 totals. Surprisingly, the decline was most notable among investment grade issuers who…
Last Saturday a friend of ours took advantage of the spring-like weather, wading upstream from his house. Armed with his son’s $14.99 Shakespeare® Salamander rod, a can of worms, a six pack, and a cigar, he sat on a log, waiting for a nibble. Three hours – and zero nibbles – later, a man in…
This week we chat with Tim Kelly, a 30+ year veteran of private equity and capital markets. Since retiring as a senior investment Partner with Adams Street Partners, Tim has completed his Ph.D. in Organizational Psychology. His focus is what investors, LPs, GPs, and capital market participants can learn by applying new perspectives on people,…