Commentary
Private Equity is Done…Well, Not Quite (Last of a Series)
This week we wrap up our three-part response to the contention, as argued in an articulate WSJ op-ed by Andy…
Read MorePrivate Equity is Done…Well, Not Quite (Part Two)
Last week we began to respond to the WSJ op-ed by Andy Kessler in which he stated the glory days…
Read MorePrivate Equity is Done…Well, Not Quite (Part One)
It was apparently too much for Jerry. With things over-frothy in the buyout market, mega deals proliferating and purchase price…
Read MoreThe Cargo Pants Strategy
How much direct lending capacity is in the middle market? Welcome to one of the most frequently asked (and most…
Read MoreThe Art of Pricing Loans (Last of a Series)
Last week we noted the coincidence between “Pi Day” and the birth date of Albert Einstein, but pondered any π…
Read MoreThe Art of Pricing Loans (Fourth of a Series)
We noted with interest the “Pi Day” celebrations last Saturday. 3/14/15 echoed that mathematical constant (the definition of which escapes…
Read MoreThe Art of Pricing Loans (Third of a Series)
Pricing flex is a relatively recent phenomenon in the history of leveraged loans. Prior to 1998 lead arrangers would price…
Read MoreThe Art of Pricing Loans (Second of a Series)
Call it Bother of the Bride. The singer/guitarist of a wedding band posts a picture of the mother’s blue and…
Read MoreWhat Price Would Be Nice (First of a Series)
News reached us this week of a new Dr. Seuss book to be published July 28th. “What Pet Should I…
Read MoreYou’ll Want to Read this Column – Trust Us.
From prehistoric times until 2003, human beings cumulatively created five exobytes of data. That’s five billion gigabytes. We now produce…
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