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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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The primary leveraged finance market is beginning to churn out deals again. The first European high yield deal in 10 weeks is expected to be priced this week and a handful of leveraged loans have begun the pricing process.
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Technical difficulty and disagreements about responsibility impede progress
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Better pricing conditions are enabling managers to refresh old deals
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Departure comes at critical time for the credit manager
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The firm has closed its largest fund, using leverage to invest in senior secured and unitranche loans
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