This week we chat with Robert Gefaell, co-founder and partner, Plexus Capital. Plexus focuses on subordinated debt investments in middle market companies, with a total of $550 million under management across three funds. The Lead Left: Robert, you and your partners got started together at the old Centura Bank, correct? Robert Gefaell: That’s right, Randy….
Loan mutual fund & ETF assets under management edged higher to just over $139 billion in May as these funds registered a second consecutive month of inflows as expectations around higher interest rates once again came to the fore. Despite the combined inflows of $646 million in April and May,… Subscribe to Read MoreAlready a
Contact: Cuong Huynh cuong.huynh@spcapitaliq.com
Macro themes continue to dominate fixed income markets, but investors shouldn’t lose sight of the idiosyncratic stories that are unfolding in the background. New Look, a British high street retailer, saw its spreads tighten dramatically this week after it announced a refinancing that should improve its credit profile. The company was bought… Subscribe to Read
One bedrock tenet of sound lending practices is establishing the borrower’s capacity to repay its debt over the contractual life of the obligation. So it’s not surprising that regulators have taken banks to task in recent reports highlighting a growing number of leveraged loan issuers which lack that capacity. Specifically, in its 2014 Leveraged Loan…
Expectations in recent months of higher rates have caused volatility in options markets to diverge between equities and bond yields. Sources: Citi, Bloomberg, IIF via The Daily Shot
This week we continue our conversation with Brett Hickey, chief executive officer, Star Mountain Capital. Based in New York with regional offices and a network covering over 25 U.S. cities, Star Mountain provides strategic partner capital for private equity, mezzanine and other private capital funds as well as growth debt and equity financing for small…
Not all recoveries are created equal Top-line numbers never tell the whole story in PE. That’s especially the case in Europe, where overall middle-market numbers show a pronounced boom in activity between 2009 and 2014. Since bottoming out, deal flow almost tripled… Subscribe to Read MoreAlready a member? Log in here...