NEW YORK, August 23, 2021 – As M&A deal flow grows, another lens on how much risk investors are willing to take is visible in deal financing. Private equity’s increasing willingness to offer direct loans and hold them on their books is a focal point for higher levels of liquidity driving merger mania…
NEW YORK, August 11, 2021 – More and more, private equity firms looking to finance big leveraged buyouts are cutting out the Wall Street banks, and borrowing money from each other or from direct lenders…
NEW YORK, August 4, 2021 – The busy fundraising pace is likely to hold throughout the year and into next year, said Ken Kencel, president and CEO at Nuveen’s Churchill Asset Management affiliate, which so far in 2021 has already surpassed its 2020 fundraising total of $6.4 billion…
NEW YORK, July 29, 2021 –… “The disintermediation away from the loan syndication market to private credit, particularly for the upper end of the middle market, has been going on for a while now,” Randy Schwimmer told Mergers & Acquisitions…
NEW YORK, July 20, 2021 – Private Equity Wire speaks to Randy Schwimmer about capital markets, deal trends and the current private equity middle-market lending environment…
NEW YORK, June 16, 2021 – Churchill ranked as one of the top three most active lenders to private equity-backed U.S. middle market companies in 1Q 2021 as reported by PitchBook…
NEW YORK, June 20, 2021 –”Investors are eager to buy CLO debt, which is driving down liability spreads, which helps the arbitrage for CLO managers,” Kelli Marti, managing director and CLO portfolio manager at Churchill Asset Management LLC, told The Deal…
NEW YORK, March 30, 2021 – A high-velocity vaccine rollout, $1.9trn stimulus package and a year of pent-up consumerism mean the future is bright for US mid-market direct lending, says Churchill Asset Management’s Randy Schwimmer…
NEW YORK, March 24, 2021 – Aggressive government stimulus measures and private lender flexibility have greatly limited the economic shock of coronavirus pandemic lockdowns in the past year, preventing a rash of loan defaults and bankruptcies, but also leaving investors with a big question: Can distressed debt strategies still deliver returns…