We’ve seen it before. In fact, every time the financing pendulum swings in one direction or another, the talk starts – “Is mezzanine a dinosaur?” It happened when CLOs emerged and cash flow senior debt providers dipped lower in the capital structure, minimizing the need for mezzanine debt. It happened again when second lien debt entered the middle market and became a competing product. It happened (and continues to happen) when BDCs became a new source of financing and it’s happening once again as unitranche loans gain in popularity and crowd out mezzanine debt. In fact, mezzanine’s demise has been predicted so many times, I hate to bring it up. Yet this time seems a little different because more and more mezzanine funds realize they need to morph into one of two models.
The currency of the startup and venture capital community is conviction. Startups are born out of the conviction to leave a job and start a company that most people think will never get a customer. They are built on the conviction of talent to join a startup, which has little or no traction, purely based […]
We’ve seen it before. In fact, every time the financing pendulum swings in one direction or another, the talk starts – “Is mezzanine a dinosaur?” It happened when CLOs emerged and cash flow senior debt providers dipped lower in the capital structure, minimizing the need for mezzanine debt. It happened again when second lien debt […]
Jaime Romero, a VP with AxialMarket, will weigh in at peHUB.com with the occasional post, applying some of the company’s web-based tools and analytics to a network of qualified buyers and sellers of private companies for our audience. On a quarterly basis, the company aggregates network activity to provide transparency into overall middle market M&A and transaction activity.
Guest columnists Allie Corless and Jason Segal of Sustainable Development Capital LLP say
energy efficiency investments represent an opportunity to “do more with less” and mitigate contributors to climate change through a commercially viable approach.
We’ve don’t normally post anonymous columns, but we’re making an exception today because we think the column below will generate some interesting debate. It was written in response to Luisa Beltran’s poll last week about how difficult it is for small companies to go public. Give it a read and weigh in with your thoughts. –Ed. […]
Jobs in the venture capital industry are in high demand these days. The lure is undeniable: successful VCs profit wildly from entrepreneurs’ hard work. Two questions I hear frequently are: is VC the right fit for me, and if so, how do I land a job? If my recommendations sound taxing, you may simply lack […]
I’ve been thinking for a while now that there will not be one social graph to rule them all (Facebook) but that we will eventually have a multitude of web/mobile services in our lives, each with a social graph we curate specifically for that service. That’s been my gut instinct as I do not believe […]
Gary Halliwell was joined in constructing this piece by MIT associate professor of comparative media studies Ian Condry. The proposed “do not track” bill being considered by the Washington lawmakers marks what could be a dramatic turning point in the legislation of the internet. High-profile privacy issues with Google and Facebook in the past year […]
Healthcare has always been an area of focus in venture capital. In particular, over the last several years, healthcare IT has received a lot of public attention. The recent J.P. Morgan Healthcare Conference in San Francisco – focusing on public companies – offers a timely snapshot to compare the healthcare interests of public markets versus […]