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Business of Private Credit: Coming Home
Much attention has been paid to the suitability of Matt Damon in the lead role as the wily Odysseus in this summer’s Christopher Nolan blockbuster.
Lead Left Interview – Derek Gluckman
This week we chat with Derek Gluckman, a vice president and senior covenant officer at Moody’s. Derek is responsible for…
Loan Stats at a Glance - 12/11/2017
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Yields widen slightly for new money deals; tighten for refis
Average yields for first-lien institutional term loans have tightened slightly so far in 4Q17, after having ticked up in the…
Lead Left Interview – Mark MacTavish (Part 2)
This week we continue our conversation with Mark MacTavish, a Managing Director at ONCAP, which is the dedicated middle market…
FoF needs a reset
Download PitchBook’s Report click here. Are fund-of-funds obsolete? It’s a question that’s been asked over the years, but one that…
Private Debt Intelligence - 12/4/2017
Private Debt Funds in Market [wpdm_package id=’15541′] As at November 2017, there is a record 324 private debt funds in…
Triple-A Trip
The average spread of the highest-rated middle market CLO liabilities has plummeted over 50 bps since last year.
Covenant Trends - 12/4/2017
Percentage of Loans with an MFN Sunset Contact: Steven Miller
Loan Stats at a Glance - 12/4/2017
Contact: Timothy Stubbs timothy.stubbs@spglobal.com
Markit Recap – 11/27/2017
iTraxx Crossover underperforming? Here in the UK there is no end of doom and gloom about Brexit and the state…
Special Report: Private Credit vs. Public Debt
Beginning in March 2017 The Lead Left published a series of articles on private credit and public debt. This report consolidates those articles.
Middle Market LBO issuance hits post credit crisis high at $24B
Despite lenders complaining of a supply demand imbalance for most of the year, middle market LBO issuance is actually quite…









Grinding it Out
Last week’s feature on Hershey PA proved to be one of our more popular commentaries. Several faithful Lead Lefters recounted…