This week we chatted with Barry Bobrow, Managing Director, head of Loan Sales and Syndications, Wells Fargo Capital Finance. Wells Fargo Capital Finance is one of the largest providers of asset-based loans to large, middle market and small companies in the United States. The Lead Left: Barry, it’s been a while since we last caught…
Are funds-of-funds becoming obsolete? Funds-of-funds have been in the news lately, but not for good reasons. Some major LPs are talking about cutting their exposure to the asset class, possibly altogether…. Subscribe to Read MoreAlready a member? Log in here...
Contact: Cuong Huynh cuong.huynh@spcapitaliq.com
Cutting through Central Park on our way to a meeting recently, we encountered a worker fiddling with what looked like a centrifuge for uranium enrichment. Somewhat alarmed, we slowed our pace. “What is that?” “It’s to keep armadillos away.” “Didn’t think there were any armadillos in Central Park.” With a grin, he said: “Well, then,…
Regulators cite “weak characteristic” of many leveraged borrowers’ inability to repay debt within seven year tenors. Source: The Fed, FDIC, OCC (Shared National Credits Program (2014 Leveraged Loan Supplement)… Subscribe to Read MoreAlready a member? Log in here...
This week we continue our conversation with Lawrence E. Golub, CEO of Golub Capital. Golub is a nationally recognized credit asset manager with over $10 billion of capital under management and four complementary business lines: Middle Market Lending, Late Stage Lending, Broadly Syndicated Loans and Opportunistic Credit. Second of two parts – View part one The Lead…
Greece was relegated to “emerging market” status by several index providers last year, and its recent turmoil seems to justify the reclassification. But the ongoing problems in the Hellenic Republic shouldn’t overshadow issues in sovereigns more familiar to EM investors…. Subscribe to Read MoreAlready a member? Log in here...
LBO leverage levels have started out in 2015 at more conservative levels than we saw in 2014. So far, the average LBO debt to EBITDA level for large corporate and institutional middle market buyout deals has dropped to 6.3 times and 5.3 times… Subscribe to Read MoreAlready a member? Log in here...