This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The benefits for Main Street included significant dividend income, fair value appreciation, and the realized gain, resulting in best-in-class returns on our equity investment, in addition to the attractive interest income provided by our debt investments. This compares favorably to the 4.4 times money invested return on our equity investment.
Why Companies Do PIPE Deals Public companies have several options for raising capital: Debt from direct lenders or issuing bonds Rights issues Secondary offerings And finally, PIPE deals Debt is almost always cheaper than equity, and raising equity from the public is usually cheaper than dealing with sharps like hedge funds, PE, and Uncle Warren.
Meanwhile, the external deposit data we track shows that the average consumer savings balances declined approximately 2% from the first quarter but remain approximately 7% above 2020's average level. The remainder of our funding stack is comprised of securitized and unsecured debt at 6% and 10% of our funding, respectively.
We are also monitoring spreads on high yield debt issuance. Even though we are at the trough, we are preparing to be much more efficient and to be able to ramp much more quickly when the cycle does turn the other way, just like we did with servicing back in 2019 and 2020. So, we're seeing the benefit of that now.
He hails from previous firms, Viking And he launched Firm Bridge in late 2020. And you see again brand name funds like Roe Coast, Castle, Hook Element Element charged 40 percent fees, was able to up it to that in 2020, shrinking and trying to stem the bleeding from negative returns on credit. Good, good timing.
Tell us a little bit about some of the work you do that’s more than just, “Hey, I found the right fund manager for EM distressed debt.” There’s a reason Steve Tanenbaum’s fund was $34 billion in 2020. LMR in 2020 was 4.6 ” It’s much more sophisticated than that. WEINSTEIN: Much more.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content