News reached us last week that a computer discovered the largest prime number known to exist. A “non-descript desktop” PC in Room 143 at the University of Central Missouri worked for 31 days before locating the 22 million digit numeral. The super calculator, known on campus as “No. 5,” was unavailable for comment. Big numbers…
Investor confidence in publicly traded business development companies has eroded valuations markedly. Source: The Daily Shot
Will Aging Portfolios Still Drive PE Exits in 2016? One of the primary storylines behind the private equity sellers’ market of the past few years has been the need for funds with aging holdings to liquidate as they threaten to drag down overall returns. As PitchBook data illustrates, as of the end of 2015, close…
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Libor floors, used to guarantee a minimum spread to investors in a low rate environment are now a major theme in the market given rising interest rates. In 2015, 98% of institutional term loans were issued with a Libor floor, the bulk of which were done… Subscribe to Read MoreAlready a member? Log in here...
Contact: Daniel Mena daniel.mena@spcapitaliq.com
The economies of Italy and China don’t appear to have much in common. Italy’s government would welcome a GDP growth rate of 1%, while China expands less than 7% and investors take flight. One is a sclerotic, decaying Western country, the other is a dynamic Asian tiger. Such is the conventional wisdom. But look beyond…
This week we continue our conversation with Adrian Docherty, who heads up BNP Paribas’ Bank Advisory team. His team helps banks who are customers and counterparties of BNP Paribas to improve their management of risk, capital, funding, liquidity and profitability. He is also the author of Better Banking: Understanding and Addressing the Failures in Risk…
One of the largest dinosaurs ever found debuted last week at the American Museum of Natural History in New York. At 120 feet, Titanosaur is so long that its head sticks out of the exhibit hall. The paleontologist who uncovered the bones knew he was on to something unusual. “Everything was extremely large,” Dr. Diego…