This week we continue our conversation with Mickey D. Levy, chief economist of the Americas and Asia, Berenberg Capital Markets. Mickey is a long-standing member of the Shadow Open Market Committee and conducts research on a wide range of global economic, financial and policy issues. Second of two parts – View part one The Lead Left: Separate from…
Canadian Deal Flow Strong, Bolstered by Investor Interest in Middle Market Canadian private equity activity has remained heightened throughout 2015, driven by strong numbers from the main hubs of investment, Ontario and British Columbia. Through 3Q 2015, 238 transactions worth C$37.3 billion have been… Subscribe to Read MoreAlready a member? Log in here...
Counterintuitively, recent data from an S&P study show recoveries for first-lien term loans improved only modestly with additional debt capital below them.
Contact: Daniel Mena daniel.mena@spcapitaliq.com
Emerging market credit has had a volatile second half (H2) in 2015. Falling commodity prices, slowing global trade and a strong US dollar have all impacted credit risk, nowhere more than in the Asean region. 5-yr CDS spreads, which measure implied credit risk, rose steadily in August and September with… Subscribe to Read MoreAlready a
Our thoughts are with our friends in Paris this week, as events prove again our world can be a troubling and unpredictable place. We mark the fourth quarter’s midway point with a brief review of what we are seeing from our private equity clients and key middle market lender relationships. Let’s start with deal volume….
Halfway through the 4Q, middle market deals are showing sharp increases in both leverage and yield. Source: Thomson Reuters LPC; based on cohort of middle market deals with both leverage and yield data.
U.S. CLO assets under management (AUM) have edged higher recently to $417 billion, while European CLOs are at €65 billion. The climb in U.S. CLO AUM this year allied with the relatively stable size of the institutional loan market has pushed the CLO share of the market up six… Subscribe to Read MoreAlready a member?
U.S. Interest in Canada Remains Strong For the fifth straight year in a row, the number of unique U.S. private equity firms active in Canada has exceeded domestic firms by a considerable margin, with a disparity of 33 through the end of September 2015. Although unlikely to surpass the height of 2013, the number of…
This week we chat with Mickey D. Levy, chief economist of the Americas and Asia, Berenberg Capital Markets. Mickey is a long-standing member of the Shadow Open Market Committee and conducts research on a wide range of global economic, financial and policy issues. The Lead Left: Mickey, we seem to be at an inflection point…