Bedford Funding shoots the lights out
There are many many to skin the private equity cat, and Bedford Funding General Partner Charles Jones has definitely figured that out in spades. It has been some time since many locals heard from Mr....
View ArticleU.S. senior debt market creaks open
Dateline: New York Five times leverage is back! I can report that senior secured debt loans are coming back to the U.S. market. With relatively low coupons, and what can only be termed as “high”...
View ArticleThe debt casino is back
It was just about a year ago that the senior debt market started to find its feet, with 5x leverage being available for certain opportunities (see prior post “U.S. senior debt market creaks open” Feb...
View ArticleMake your 2012 fee budget — bid CSU
It slipped by me at the time, but Constellation Software (CSU:TSX) took itself off the market two weeks ago, having announced last April that it was considering “strategic alternatives”. With two large...
View Article“No MAC, No Cov” eventually means No Return
A few hours from now, our firm’s investment committee will meet to look at two new venture debt transactions. It isn’t very often that we’d tackle two at once, and this morning’s schedule got me...
View ArticleConflicting signals in public, private debt markets
Depending on your news source, this is either a rosy or horrible time to raise new debt for your mid-large sized company. The publicly-traded high yield debt market has taken a pasting this summer,...
View ArticleWellington Financial Celebrates 15 Years
That seems like a long time when you actually write it down. August 2015 represents the 15th anniversary of our first growth financing transaction in Fund I. It was a $500k loan to a Vancouver-based...
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