A Soft Fourth Quarter This Year We’ve heard from some industry professionals that fourth quarter deal flow is probably going to be softer than normal this year. The first two months of 4Q 2014 have seen 440 PE deals close in the U.S. worth a combined $90.9 billion…. Login to Read More...
Regulators are zeroing in on high leverage and weak structures as major leveraged loan risks. Sources: The Fed, FDIC, OCC (Shared National Credits Program (2014 Leveraged Loan Supplement)… Login to Read More...
This week we speak with M. Grier Eliasek, President and Chief Operating Officer of Prospect Capital Management. Prospect is a $7+ billion AUM leading provider of flexible private debt and equity capital to sponsor and non-sponsor owned middle market companies. The Lead Left: Grier, is it my imagination or is a lot of capital coming…
We had just polished off our second helping of pumpkin pie last Thursday evening when the first (of what we assume will be many) “2015 Market Outlook” hit our in-box. Always big supporters of the crystal ball crowd, we thought we’d begin our own prognostication series by sharing some of the contents of that forecast…
Everybody talks about yield, but nobody does anything about it. In particular, the Fed’s reluctance to be pinned down to a date certain when rates will rise has lent a “she-loves-me-she-loves-me-not” tone to investors’ worries. The buy-side has toggled all year between loans and bonds in search of optimal returns. Mutual fund flows have oscillated like…
Cash has exited retail loan funds for months, as investors worry rates will not rise anytime soon. Source: Lipper FMI… Login to Read More...
Issuance conditions have been enticing, and with predictions of a rise in interest rates in mid-2015, opportunistic HY bond issuers have been streaming into the market lately to lock in relatively… Login to Read More...