Loan Stats at a Glance – 1/26/2015
Contact: Cuong Huynh cuong.huynh@spcapitaliq.com
TheLeadLeft
Markit Recap – 1/19/2015
Commentators on the financial markets can sometimes be prone to hyperbole, but it is surely no exaggeration to state that the next few days are crucial in determining sentiment for 2015 and beyond. First up is the ECB, and the expected QE announcement…. Login to Read More...
Second Thoughts (Second of a Series)
It’s a bird! It’s a plane! It’s an Eastern Airlines plane! We thought we were having flashbacks from rum-soaked Acapulco trips we took back in the 1970’s, but turns out the iconic “Wings of Man” brand is making a comeback of sorts. Beginning with charter flights, Eastern is re-launching aviation service in March. No mention…
Lead Left Interview – Gavin Vorwerg (Part 2)
This week we continue our conversation with Gavin Vorwerg, Director at Laurium Capital. Laurium is a hedge fund dedicated to investments in Africa. The Lead Left: What’s your return target? Gavin Vorwerg: We have a target of 15% per annum over three years. Since inception in 2008 we’ve delivered 16%. That’s beating the benchmarks by 4-7%….
Chart of the Week – Second Spreads
Oil price induced volatility pushed up yields on both first and second-lien term loans last year, though availability of the latter declined…. Login to Read More...
Leveraged Loan Insight & Analysis – 1/19/2015
First-lien institutional yields have widened so far in January to levels not seen since July 2012. The average first-lien term loan B yield is 6.39 percent so far this month, up from 6.11 percent in December. After… Login to Read More...
The Pulse of Private Equity – 1/19/2015
Record Year for Middle Market The U.S. middle market is usually responsible for ~60% – 70% of PE activity in any given year. Not in 2014. Last year the middle market accounted for 78% of all PE activity by count,… Login to Read More...
State of the Capital Markets – Fourth Quarter 2014 Review and First Quarter 2015 Outlook
Need timely market data and expert commentary to share with your clients? Download our State of the Capital Markets presentation! As a subscriber to The Lead Left, you’ll get: Review of Current Market Conditions Analysis of Capital Markets Metrics Including Covenants, Pricing, and Leverage Review of Credit Quality Outlook for First Quarter 2015 To download the report, please login or…
