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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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Francis one of a pair of senior departures
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Spreads might tighten further, but assets tighten faster
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The rally in loans may encourage some calls, but most CLOs will prefer to cling to older cheaper deals
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Aerospace, transportation, and logistics PE firm hires new exec
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Market participants expect primary spreads to come inside 165bp, but scarce loan issuance will remain a problem
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The rating agency is receiving more diversified portfolio proposals and is working on credit estimates for unrated assets
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