Select Deals in the Market – 3/7/2016
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TheLeadLeft
Loan Stats at a Glance – 3/7/2016
Contact: Timothy Stubbs timothy.stubbs@spcapitaliq.com
Markit Recap – 2/29/2016
European insurance bonds sink to bottom of the pile European bond yields have fallen to new recent lows as the market takes an increasingly dim view of growth prospects, which has in turn seen insurance bonds come under increased pressure. iBoxx € Insurance the worst performing sub index of the iBoxx € Corporates universe Investment…
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Leveraged Loan Insight & Analysis – 2/29/2016
Flex activity in the leveraged loan market amped up in February as market volatility continued and lenders tried to push deals through that had been shelved since last year. Thomson Reuters LPC’s Flex Factor, which aggregates price and structural flex activity to gauge investor sentiment, increased to an average score of 3.2… Subscribe to Read
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A Review of European Direct Lending (Third of a Series)
“Europe is not a market,” a keen observer of Europe’s debt market informed us. “First of all,” he said, “there’s the difference in legal jurisdictions. These are real hurdles and won’t change anytime soon. If anything, the EU is becoming less unified.” “Here local teams matter. Even London-based teams have trouble managing deals on the…
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Chart of the Week – Head Start
By 2002 the share of US leveraged loans by institutional investors had surpassed 60%; it took Europe twelve more years to reach the same point. Institutional Investors’ Share of the Primary Market Source: S&P Capital IQ; 2009 date not meaningful
Lead Left Interview – Edwin Cass (Part 2)
This week we continue our conversation with Edwin Cass, Chief Investment Strategist, Canada Pension Plan Investment Board. Mr. Cass is responsible for CPPIB’s overall fund level investment strategy. He also chairs the Investment Planning Committee, which approves all new investment programs and oversees all portfolio risks, including passive, active, credit and liquidity risk. Second of two…
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The Pulse of Private Equity – 2/29/2016
PE’s Other Overhang For several years now, the increase in the inventory of companies backed by private equity in North America and Europe has essentially plateaued. In stark contrast to the steady ramp-up in inventory during the buyout boom era, this trend can be ascribed to a few key drivers, including the healthy exit… Subscribe
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