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The Middle Market Loans Advantage: The Tools and Data to Source Your Next Deal

Posted by David Diggins on Sep 13, 2018 12:25:09 PM

An effective deal sourcing process is crucial to successful investing. Deal sourcing involves generating leads and managing relationships with intermediaries. Strategies for deal sourcing vary among firms. Some firms prefer to employ specialist teams while others prefer using in-house resources.

Regardless of a firm’s strategy, access to the proper tools and the right data are essential for effective deal sourcing. In March, Mergers & Acquisitions published an article that illustrated this concept with Michael Lewis’ book, Moneyball: The Art of Winning an Unfair Game. The book details how the Oakland Athletics baseball team successfully used statistics and analytics to their advantage. The same can be done in the world of deal sourcing.

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Topics: Middle Market, Analytics, market analytics, Distressed Debt, Finance, Restructuring, Fixed Income

A First Look Inside Carlyle’s New Public BDC

Posted by Nicholas Marshi, BDC Reporter on Jun 23, 2017 11:56:45 AM

A new public Business Development Company (“BDC”) has arrived on the credit fund scene: the clumsily named TCG BDC (ticker: CGBD), sponsored by Carlyle Global Credit, which itself is an affiliate of the Carlyle Group, one of the largest asset managers out there. CGBD announced its initial public offering on June 5, 2017 and closed the sale of 9,000,000 shares two weeks later on June 19th . With the addition of CGBD, the BDC Reporter’s universe of publicly-traded BDCs that we cover daily increases to 46. The new player – based on the market capitalization table on the handy Closed-End Fund Advisors BDC Universe data page – will begin as the seventh largest public BDC vehicle, with a book value just under $1.2bn. (Don’t look for CGBD on the CEF Advisors table yet. The BDC is to new to yet figure in).   To introduce readers to the new BDC on the block, we have reviewed the Prospectus in some detail. There is a great deal to cover, so the BDC Reporter will be breaking this primer on Carlyle’s public BDC into several parts. In Part I we’ll begin with History/Formation, and move on to Strategy.  In latter articles we’ll look at Compensation, Corporate Governance, Credit Risk and Financial Performance.  As we hope to show by going carefully through each category is that an in-depth exploration will ultimately  contribute to an investor’s assessment of the risks and returns to be expected from Number 46. First, though, we have to become better acquainted with the CGBD story:

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Topics: Loans, Middle Market, BDC, Finance

Finance Industry Analytics - Week of January 16, 2017

Posted by Sean Quinlan on Jan 17, 2017 12:38:20 PM

AdvantageData's (ADI) proprietary data shows low yield-to-worst statistics throughout the finance industry. With current yields being lower than yesterday’s and the previous week’s yields, investors are showing some signs of confidence for the financial sector. A better-than-expected earnings report by J.P. Morgan helped boost banking shares internationally, as discussed in Friday’s AdvantageData North American High Grade (HG) & High Yield (HY) summaries.

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Topics: High Yield, YTW, Finance


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