Commentary
Private Credit vs. Public Debt (First of a Series)
One of the more discussed charts we’ve run in this newsletter recently compared direct lending yields with that of high-yield…
Read More2017 – A Look Ahead (Last of a Series)
In this special series on the outlook for leveraged lending for the year, we’ve looked at what our readers can…
Read More2017 – A Look Ahead (Third of a Series)
Last week we punctured the myth that the influx of new private debt funds is creating excess demand for the…
Read More2017 – A Look Ahead (Second of a Series)
Last week we ventured some thoughts on where this year would take us on middle market deal terms – pricing,…
Read More2017 – A Look Ahead (First of a Series)
If we learned one thing in 2016, it was that predictions of many sorts went awry. From national departures from…
Read MoreA Year in Review (Last of a Series)
2016 was the Chinese Year of the Monkey. We’re not sure what this meant, or how it applied to the…
Read MoreA Year in Review (Third of a Series)
“How’s your pipeline?” we asked the head of one of the leading middle market arrangers in December. He shook his…
Read MoreA Year in Review (Second of a Series)
Along with the sense that mid-cap lenders can now more than hold their own against the largest investment banks in…
Read MoreA Year in Review (First of a Series)
The notion that the middle market has reached a level of maturity was supported by a plethora of evidence this…
Read MoreThe Middle Market Comes of Age
For those of us who have made the middle market our livelihood for a while, last week’s Wells Fargo 2016…
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