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The legal advice that’s not wanted

Although unfavourable deal terms have been in the spotlight, they are not the only cause for resentment among lenders in today’s market.

LISTEN: 3 takeaways from the June magazine’s ‘EBITDA on steroids’ cover story

The level of EBTIDA addbacks is correlated to company size: the bigger the company, the more generous the adjustments. But lenders to smaller companies are still compromising on things they never thought they'd have to agree to only a couple years ago.

VIDEO: The direct lending mid-market is ‘priced to death’

Daniel Zwirn, a former hedge fund luminary and now head of investment firm Arena Investors, is one of the authors of a white paper predicting trouble ahead for, among other things, mid-market loans and leveraged loans. In this video, he explains his concerns.

All is calm, but it’s time to stay alert

Many in private markets seem content with market conditions, but it wouldn’t take much for a temporary wobble to become a longer-lasting problem.

Flatt and Marks exclusive interviews: How ‘Brooktree’ reshapes the landscape

It’s all in the timing, or is it? We speak with Howard Marks and Bruce Flatt about the deal that has everyone talking.

Brookfield aims for relevance at every point in the cycle: Flatt

In buying Oaktree and capturing its credit business, Brookfield now has capital to serve its clients at all times, says chief executive Bruce Flatt.

NexPoint offers $25m in cash, $50m in share purchases in latest MCC bid

NexPoint Advisors has sweetened its bid for Medley Capital Corporation (MCC) by upping its cash compensation and the amount of MCC stock it pledges to purchase should it ultimately acquire the beleaguered business development company. Dallas-based NexPoint Advisors, an affiliate of Highland Capital Management, has said it will provide a $25 million cash payment, up […]

How funds’ increasing firepower has transformed the European market

Amid record levels of fundraising and an evolving deal market, Proskauer partners Alex Griffith, Faisal Ramzan and Ben Davis examine how private debt's role is shifting on the continent.
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