TheLeadLeft
Loan Stats at a Glance – 10/19/2015
Contact: Daniel Mena daniel.mena@spcapitaliq.com
Markit Recap – 10/12/2015
The last few months have proven to be a volatile time for the HY market, highlighting the risks involved in the asset class. But with significant yields on offer and different markets to explore, HY bonds remain a quandary for investors. The recent volatility can be illustrated by looking at recent returns. September saw US…
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State of the Capital Markets – Third Quarter 2015 Review and Fourth Quarter 2015 Outlook
Need timely market data and expert commentary to share with your clients? Download our State of the Capital Markets presentation! As a subscriber to The Lead Left, you’ll get: Review of Current Market Conditions Analysis of Capital Markets Metrics Including Covenants, Pricing, and Leverage Review of Credit Quality Outlook for Fourth Quarter 2015
The Unitranche – What it is, and Why it Matters (Second of a Series)
A senior risk officer we know read with interest the first of our multi-part series on the unitranche product [link]. “What’s interesting is how quickly these one-stop financings have become the product of choice for borrowers,” he told us. “The unitranche is a real paradigm shift for borrowers and lenders, thanks to its ease of…
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Lead Left Interview – Timothy J. Conway (Part 2)
This week we continue our conversation with Timothy J. Conway, chairman and chief executive officer of NewStar Financial. Founded by Mr. Conway in 2004, NewStar is focused exclusively on providing sophisticated financing options to mid-sized companies through four national lending groups: leverage finance, business credit, equipment finance, and real estate. Second of two parts – View…
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Chart of the Week – Junior High
Supply/demand imbalance among unitranche providers continues to keep one-stop pricing below that of junior capital. Source: Lincoln’s proprietary database of over 600 privately-held companies
The Pulse of Private Equity – 10/12/2015
U.S. Middle Market Continues Healthy Plateau The U.S. private equity middle market remains strong, tracking relatively within the record ranges of last year. At 474 closed transactions in Q3 for a total of $80 billion in invested capital, 2015 is now at just over 1,400 deals and a total of $250 billion. That puts it…
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