This week we speak with Scott Gluck, counsel at Venable LLP. Venable is a law firm with 600 attorneys in nine US offices. Scott assists private equity funds on a variety of corporate, legislative and regulatory matters. The Lead Left: Scott, tell us about your role at Venable. Scott Gluck: Thanks, Randy. My practice focuses on federal government…
This week we continue our conversation with Robert Grunewald, chief investment officer at BDCA Advisor, LLC. BDCA (Business Development Corporation of America) is a BDC focused on senior debt investments in middle market companies. Second of two parts – View part one TLL: Waive fees to preserve the dividend for investors? That is unusual. BG: With almost $2 billion…
This week we speak with Robert Grunewald, chief investment officer at BDCA Advisor, LLC. BDCA (Business Development Corporation of America) is a BDC focused on senior debt investments in middle market companies. The Lead Left: Bob, please give us a little of your background. Bob Grunewald: I’m the CIO for BDCA Advisors. We manage…
This week we continue our conversation with David Preston, managing director in the Structured Products Research group at Wells Fargo Securities. David covers CLOs, CDOs and Commercial ABS, and publishes a widely-respected report, The CLO Salmagundi. Second of two parts – View part one The Lead Left: OK, thanks. So you were saying on volume… DP: Yes, so $3 billion,…
This week we speak with David Preston, managing director in the Structured Products Research group at Wells Fargo Securities. David covers CLOs, CDOs and Commercial ABS, and publishes a widely-respected report, The CLO Salmagundi. The Lead Left: David, CLOs were left for dead last year with all the regulatory pressures they seemed to be facing,…
This week we continue our conversation with Justin Kaplan, Partner, Balance Point Capital Partners, a lower-middle market investment firm with offices in Westport, CT and Hartford, CT. Second of two parts – View part one The Lead Left: Cov-lite? For a $5 million ebitda business? Justin Kaplan: When I say “cov-lite,” I mean that mezz investors usually get three or…
This week we speak with Justin Kaplan, Partner, Balance Point Capital Partners, a lower-middle market investment firm with offices in Westport, CT and Hartford, CT. The Lead Left: Justin, many of us know you from your days at the Alcentra mezzanine fund, but tell us about what you’re doing at Balance Point. Justin Kaplan: I joined the…
This week we speak with Meredith Coffey, Executive VP of Research, Loan Sales and Trading Association (LSTA), the leading industry association for the loan market. TLL: Meredith, you and the LSTA have been in the forefront of trying to knock some sense into regulators on how CLOs are being negatively impacted. How’s that battle going? MC: (Laughing)…
This week we speak with Marek Olszewski, Managing Partner, Catalus Capital, a middle market investment firm with offices in Greenwich, CT and New York. TLL: Marek, your firm is probably not familiar to many of us. Tell us about what you guys do. Marek Olszewski: We are an investment fund that focuses on special situations….