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Recall back in the boom days of private equity, sponsors were calling the shots. One reflection of that was the rise in pay-in-kind toggle interest options on buyout debt. Pay-in-kind notes allow a... Read more...
We noted recently that many of the biggest deals of the boom years seem to faring OK. But that doesn't mean every deal is going to work out. There are lots of worries right now, chief of which is... Read more...
The headlines have been chock full of negative stories about the private equity industry--the busted deals, illiquid loans, the lack of financing and so on. But... Read more...