Commentary
Direct to Consumer
We mentioned last week Apollo’s $1.8 billion financing for New Media Investment Group’s acquisition of Gannett & Co. It seemed…
Read MoreHigh-water Mark
We instinctively knew making “Smooth Sailing” our commentary title last week invited retribution from the market gods. No sooner had…
Read MoreSmooth Sailing
“How do you come up with all the ideas for your columns?” That’s a question we frequently hear from readers.…
Read MorePrivate Debt: Search for Transparency (Last of a Series)
“There is no passive option in direct lending.” So begins “Selecting Direct Lending Managers,” Chapter 13 in Steve Nesbitt’s Private…
Read MorePrivate Debt: Search for Transparency (Fourth of a Series)
Last week in our special series on visibility in direct lending, we touched on the element of risk/reward. This week…
Read MorePrivate Debt: Search for Transparency (Third of a Series)
Coney Island was the scene last Thursday of Nathan’s Annual July Fourth hot dog eating contest. For the 12th time…
Read MorePrivate Debt: Search for Transparency (Second of a Series)
With the July 4th holiday weekend looming, readers of last week’s column on shark tracking have asked how they can…
Read MorePrivate Debt: Search for Transparency (First of a Series)
In all the excitement surrounding our just-ended special series on covenant-easing [link] we must have missed it. But several readers…
Read MoreCovenantive Easing (Last of a Series)
As we wrap up our special series on how credit agreement terms are eroding, we asked our distinguished team of…
Read MoreCovenantive Easing (Fourth of a Series)
Our special series on envelope-pushing in the world of loan covenants continues with a look at “limited condition transaction” provisions.…
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