This week we continue our conversation with Neil Cummings, G. Thomas Stromberg and Richard Levin, partners at Jenner Block, an international firm with offices in Chicago, London, Los Angeles, New York, and Washington D.C. The Lead Left: Can last out lenders acquire first out debt? Neil Cummings: Yes. Typically, last out lenders can purchase first…
At US$2trn, US syndicated loan issuance was down 6% compared to 2014. Leveraged loan issuance fell 17% in 2015 to US$783bn but this was offset by a 4% increase in investment grade lending which reached a record US$873bn. At $US740bn, US new money lending was the third-highest on record… Subscribe to Read MoreAlready a member?
PE Fundraisers Still Riding High The latest numbers for private equity fundraising success—as measured by how many funds hit their target—are impressive to say the least. In 4Q 2015, over 90% of PE funds raised worldwide hit their targets. 88 funds were raised in that time period, according to PitchBook data, amassing $76.4 billion in…
Contact: Daniel Mena daniel.mena@spcapitaliq.com
Contact: Cuong Huynh cuong.huynh@spcapitaliq.com
Contact: Daniel Mena daniel.mena@spcapitaliq.com
Exactly seven years after the US Federal Reserve (Fed) decided to embark on a zero interest rate policy, the state of the US economy has finally been deemed strong enough to withstand the path towards normalisation. With the 25bps hike wrapped in very cautious forward guidance, financial markets reacted… Subscribe to Read MoreAlready a member?
It’s popular sport at loan conferences to kick the mezzanine asset class. After the credit crisis, when some investors in sub debt took a licking, the common theme heard among market players was, “Is Mezz Dead?” Today the refrain is “Is Mezz Still Dead? And yet, in conversations with practitioners, it seems mezz is alive…