Senior Lending
Reborn Churchill Prices Inaugural Mid-Market CLO 2.0
NEW YORK, August, 2016 – Churchill Asset Management has made its return to the CLO market, after pricing a $382 million middle market deal. TIAA Churchill Middle Market CLO I was arranged by Wells Fargo, and is expected to close on 15 September.
Private Credit Comes of Age
NEW YORK, August 4, 2016 – At a loan conference some years ago we referred to middle market loans as the Rodney Dangerfield of capital markets. These small, illiquid instruments were the poor step-child to high-yield bonds and large leveraged loans. But at Creditflux’s inaugural New York conference on private credit last month, it was clear the situation has changed.
What a Downturn Might Mean for Private Credit
NEW YORK, June 2, 2016 – Where are we in the cycle?” That question gets asked at every conference we attend. It’s also clearly on the mind now of every investor, arranger and issuer of debt. The reason is clear: if we are in the seventh innings of the cycle (which seems the consensus), a downturn might be around the corner.
A Review of US vs European Direct Lending
LONDON, May 1, 2016 – Over the years the US has been by far the dominant supplier of leveraged loans globally. But given similar regulatory pressure being exerted on overseas banks as here, Europe is gaining media attention as a source of debt opportunities for both managers and investors.