As the Federal Reserve sends out stronger signals about an interest rate hike and limited deal flow pushes secondary loan market bids up, retail investors are jockeying for a slow return to the loan market…. Login to Read More...
Beginning in June 2014 The Lead Left published a series of articles discussing the relative merits of investing in middle market senior debt and their broadly syndicated counterparts. This report consolidates those articles: What is a CLO? CLO’s role in the demand side The Value of Middle Market CLOs How next gen vehicles will deal with […]
Contact: Cuong Huynh cuong.huynh@spcapitaliq.com
News reached us this week of a new Dr. Seuss book to be published July 28th. “What Pet Should I Get” was apparently written by the legendary children’s author some fifty years ago, but thought to be lost. Mrs. Seuss discovered the manuscript (and two others) while she was “cleaning out his office.” Her husband…
Better issuers get better pricing, but oil-related market volatility has lifted yields on all credits. Average new-issue yield to maturity Source: S&P LCD … Login to Read More...
It is a truism that the CDS product garners more headlines when companies default or are close to triggering a credit event. Last week we saw a typical example, and it will surely be the case next week as well. A credit event auction was held for Caesars Entertainment… Login to Read More...
Last July when we chatted with Mike Hall of Yukon Capital Partners [link], the firm was poised to wrap up its second mezzanine fund raise. This week we check in with Mike and his partner, Bill Dietz, for an update. The Lead Left: Mike and Bill, sounds like congratulations are in order. Michael Hall: Thanks,…
The PE-strategic battle continues PE firms and strategic buyers have been waging a deal war the past few years. Both sides have complained about the advantages the other side has, but most PE executives will readily admit… Login to Read More...