Commentary
Private Credit and Business Cycles (First of a Series)
Just when we thought we were out of the economic woods with a strong report on April jobless claims (lowest…
Read MoreInflection Point
News reached us last week of a daring nighttime escape from the National Aquarium of New Zealand. An octopus named…
Read MoreWhere’s the Deal Flow? (Last of a Series)
The question surrounding the leverage loan pipeline involves many factors. We’ve discussed some of them, including regulatory bank hurdles, uncertainty…
Read MoreWhere’s the Deal Flow? (Second of a Series)
Last week we discussed the views of various private equity sponsors regarding the question of why the pipeline of middle…
Read MoreWhere’s the Deal Flow? (First of a Series)
With the first quarter of 2016 in the books, we kick off the second with a look at our Chart…
Read MoreWhen Senior Debt is Not Senior Debt
Last Saturday a friend of ours took advantage of the spring-like weather, wading upstream from his house. Armed with his…
Read MoreA Review of European Direct Lending (Last of a Series)
As we wrap up our series on direct lending in Europe, let’s examine the supply/demand dynamic we expect to drive…
Read MoreA Review of European Direct Lending (Fifth of a Series)
How much has been raised to support non-bank direct lending in Europe? Figures are often cited in the media without…
Read MoreA Review of European Direct Lending (Fourth of a Series)
So far in this series we’ve covered the unique lending characteristics of European jurisdictions as well as the inherent advantages…
Read MoreA Review of European Direct Lending (Third of a Series)
“Europe is not a market,” a keen observer of Europe’s debt market informed us. “First of all,” he said, “there’s…
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