Month: June 2015

What is the legacy of Dodd-Frank?

Almost six years after Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act, large banks continue to dominate and asset managers have filled the gap in the leveraged loans market. Some experts shared their views on the new regulatory landscape of today. Did the Dodd-Frank Act miss the mark? The Dodd-Frank Wall Street…

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Expert Q&A with Cindy Lee, Director of Product Management at Black Mountain

There is a reason why finance professionals have increasingly been pursuing jobs in the technology sector. Many who traditionally sought employment at investment banks and hedge funds are finding that financial software companies offer them the opportunity to put their experience and knowledge to good use, all while working in service of solving the pressing…

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Loan issuers report a decline in earnings growth

Steve Miller from S&P Capital IQ’s Leveraged Commentary & Data recently explained the dip in loan issuer EBITDA growth and explored the broader economic influences at work. He named a strong dollar and weak GDP and energy sector performance as some of the reasons why earnings growth is a bit sluggish this quarter. Decline in EBITDA…

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How PE firms and banks evaluate middle-market borrowers

Private equity investors and debt providers approach leveraged lending in different ways. Lenders do not benefit (above and beyond initial terms) when borrowers perform well and repay their loans. Alternatively, private equity firms can recoup their initial investment as well as multiples of that sum. Experienced managers underwrite to companies that may not have strong…

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