201304_rock_overhang

Private Equity Capital Overhang from a Middle Market Perspective

  “For my purpose holds To sail beyond the sunset, and the baths Of all the western stars, until I die. It may be that the gulfs will wash us down: It may be we shall touch the Happy Isles, And see the great Achilles, whom we knew” -Tennyson “Ulysses” (1842) From a high level, […]

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High barriers…to understanding

In what has to be the second most often used throw-away line behind “[insert name] is a leading [insert industry sector] company“, is the too-frequent, inadequately supported, drive-by industry analysis summed up by “high barriers to entry.” This becomes a nails-on-chalkboard experience when so often misused by non- or under-initiated underwriters, lenders, and pundits. Let’s take a step […]

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201304_sky_vapor_trails

2012 1Q – Still in a holding pattern

I was catching up on some reading and got a chance to re-visit the First Quarter 2012 Private Capital Access Index published by Dr. John Paglia who heads up the Pepperdine Private Capital Markets Project. For those interested in the Middle Market, I strongly suggest getting involved in the surveys that this project runs periodically. […]

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Giving diligence its due

“Diligence is the mother of good fortune.” – Miguel de Cervantes   “Ignorance never settles a question.” – Benjamin Disraeli Based on comments that I received on my May 29th post, I think further light could be shed on my bias toward an elevation of skills as one moves into the leveraged lending arena. Not […]

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Brass Door Mural Prague

Why a middle market finance blog?

I have had the great pleasure of working with (and, sometimes, for) professionals dedicated to bringing rich, deep backgrounds to their fields. These areas include professionals in investment banking, commercial banking, corporate law, turnaround advisors, valuation experts, academics, strategy consultants, entrepreneurs, private equity general partners, mezzanine debt providers, and many other specialists. It is my […]

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Why are we here? A simple goal…

The goal of this blog is to provide a helpful, and hopefully sometimes humorous, commentary on the goings on in the world of middle market finance. We’ll share anecdotes (names changed to protect the innocent or dull) and illustrations of the human side of deal making in the middle market – and try to share […]

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