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Alex Buzby

Senior Associate
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Recent Posts

The Hunt For Data: Middle Market and Illiquid Loan Valuation

Posted by Alex Buzby on Sep 25, 2018 12:41:53 PM

Even in markets where established data infrastructure is limited, such as syndicated loans, reliable sources of data that are indicative of a liquid security’s value are available through market data vendors and broker quotes. When evaluating illiquid securities like middle market or directly originated loans, the effort of data aggregation becomes much more difficult and is often assumed to be an exercise in futility. We would disagree.

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Topics: syndicated, Loans, Direct Lending, download, illiquid, Fixed Income, Valuation, BDC, business development company, Middle Market

The BDC Advantage

Posted by Alex Buzby on Jul 24, 2018 12:23:25 PM

Comparing quarterly filings, fund breakdowns and more...

 

After the 2008 financial crisis and the subsequent regulatory changes, Business Development Companies (BDCs) skyrocketed in popularity, filling the funding gap in middle market companies. BDCs are closed-end funds that mostly invest in private, growing companies and, increasingly, larger later stage corporations.  

BDCs are required to file quarterly reports to the SEC under the Investment Company Act of 1940. Aggregating the data from these reports is tedious, time-consuming, and lacks standardization. AdvantageData’s BDC Product gives investment professionals access to aggregated and standardized data (current and historical), allowing users to easily analyze data relevant to their firm's needs.

 

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Topics: BDC, Analytics, Fixed Income, market analytics, business development company, BDC Filings, BDC Index, AUM, Middle Market

Sourcing and Utilizing Market Data for The Valuation of Middle Market and Illiquid Loans

Posted by Alex Buzby on Oct 13, 2017 2:19:45 PM

In this summary Advantage Data aims to highlight the challenges faced in sourcing and utilizing market data for valuation of illiquid and middle market loans. We will consider the overall methods of aggregating and applying data to loans in this space and how the issues surrounding the lack of readily available information can be overcome. 

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Topics: Middle Market, Valuation

Energy Market Update

Posted by Alex Buzby on Jun 27, 2017 2:10:03 PM
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Topics: Loans, Middle Market

Apollo Investment Corp. New investments 4Q16

Posted by Alex Buzby on Feb 7, 2017 5:52:36 PM

Apollo Investment Corp. (AINV) filed 4Q16 results yesterday including debt investments at 13 new portfolio companies. Click here to dive into  Apollo New Investments courtesy of our BDC Database.

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Topics: BDC, New Issues, business development company


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