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The era of pure-play private equity is over. Banks are pulling different divisions together to serve the complex needs of global asset managers
Specialist moves after 18 years in the market
New dangers are making deals harder to do, but pricing for the haves is still tight
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Lack of government support this time around renders crisis comparison useless -
Term loan 'A' structures made up 67% of leveraged loan issuance in the US in the first half of the year
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Three deals were priced this week even as high spreads make economics of new deals difficult
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Print and sprint CLOs are particularly susceptible
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Excellion Capital acted as debt advisor to the company
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