This week we speak with David Preston, managing director in the Structured Products Research group at Wells Fargo Securities. David covers CLOs, CDOs and Commercial ABS, and publishes a widely-respected report, The CLO Salmagundi. The Lead Left: David, CLOs were left for dead last year with all the regulatory pressures they seemed to be facing,…
“What did you learn in math class today, honey?” Picking our daughter up from her second day of an after-school program, we hoped to hear progress in our mission for her to reach coding stardom and launch the next Uber. Our four-year old made a long face, “Numbers, again,” she replied sadly. We sympathize. Hard…
Source: S&P Capital IQ Contact: Robert Polenberg robert.polenberg@spcapitaliq.com
CLO 1.0, 2.0, 3.0…and Counting Loan securitization managers are sprinting to print new vehicles ahead of implementation of risk retention rules which are likely to inhibit future CLO formation. Sources: Thomson Reuters… Login to Read More...
Have PE Firms Learned a Mega Buyout Lesson? Energy Future Holdings’ bankruptcy filing last month put to rest another chapter in the book of boom-era PE buyout failures…. Login to Read More...
Credit investors will remember the summer of 2012 as the turning point of the eurozone sovereign crisis. Mario Draghi’s “whatever it takes” intervention caused a decisive shift in sentiment and triggered a long rally that has lasted to this day…. Login to Read More...
Coming Attractions Lower interest rates have this year pushed cash into junk bond mutual funds and out of loan funds, though the velocity for both is slowing. Additional Sources: S&P, Forbes… Login to Read More...
Private equity is very much a global beast. As such, when thinking about deal activity trends, it is increasingly important to be aware of what is happening beyond U.S. borders. The largest private equity market outside of North America is,… Login to Read More...
The long awaited pick-up in M&A-related lending is finally making a comeback this year. The second quarter has seen many deals coming to market and many others are in the works, bringing much coveted M&A loans into market…. Login to Read More...