This week we speak with Bob Jesenik, CEO, Aequitas Capital. Aequitas provide access to private credit and equity capital along with industry-specific operational expertise in healthcare, education and financial services. The company is headquartered in OR with offices in NY, CA, FLA. The Lead Left: Bob, tell our readers about your firm. Bob Jesenik: Thanks,…
We’ve commented in recent weeks on volatility, but it’s been mainly a macro phenomenon. Geopolitics, Ebola and uncertainty over monetary policy have all contributed to spread oscillations. But a little known Spanish renewable energy company provided the market with a welcome single-name credit story. Abengoa, an entrant to the Markit iTraxx Crossover index in March this…
Bigger is Better in PE, but For How Long? Bigger is still better in the global PE industry. Funds managing at least $1 billion are outpacing the $250 million–$1 billion and sub-$250 million size buckets at the 1-, 3-, 5- and 10-year IRR horizons, by significant margins in some cases. At the lower… Login to
Source: S&P Capital IQ Contact: Nidhi Tulli nidhi.tulli@spcapitaliq.com
We conclude our series on business development companies by answering your questions: Is it better for a BDC to be internally or externally managed? The costs of running an internally managed BDC are typically less than externally managed ones. That’s because it doesn’t pay a fee (which includes a profit margin) to an outside manager,…
Geopolitical risk was all the rage earlier this year, and played a major part in credit spreads widening in a number of short, sharp bursts. Monetary policy soon resumed its role as the main driver of sentiment, but there were indications this week that it may have to move aside. Ukraine saw its CDS spreads…
Software Deal Valuations are Soaring The software sector commands an outsized share of PE dollars. About 70% of all 1Q-3Q capital invested in U.S.-based IT companies went to software, the highest percentage on record. $33.3 billion has been invested this year… Login to Read More...
As a pure yield matter, the average BDC has been a significant better play than single-B high yield bonds, with that spread widening…. Login to Read More...