Mid-Year Deals Update: From a Boil to a Steady Simmer

Heading into the second half of 2022, market participants look to transact before tax code changes, buyers & sellers consider impacts from many exogenous factors.

Ilya Vorobyev

Mr. Vorobyev specializes in valuations of privately-held illiquid securities along the entire capital structure including senior and subordinated debt securities as well as various equity…

1Q 2022 Update: Middle Market Credit Spreads, Required Returns

Syndicated markets experienced increased volatility and widening in some secondary markets as capital markets as central bankers tighten policy to combat inflation and the Russian invasion of Ukraine.

Middle Market CLOs: Proven Stable Performance in Volatile Credit Markets

The history and data of collateralized loan obligations show that CLOs, in general, and middle-market CLOs specifically, continue to perform very well through various economic cycles and market shocks.

Johnson, Rucker Featured Guest Columnists for Private Funds CFO

SEC proposes the necessity of fairness opinions.

How Direct Loan Market Participants Are Handling the Handoff from LIBOR to SOFR

SOFR is emerging as LIBOR’s benchmark successor for private loan market participants. Key differences in maturity and credit profiles must be considered.

VRC to Sponsor Eversheds Sutherland Annual BDC Roundtable

The two-day conference will bring together BDC executives, asset managers, fund sponsors, accounting executives, legal experts, bankers, and various other industry participants serving the BDC community to discuss recent developments in the BDC industry.

VRC’s Paul Balynsky to Present IDC Webinar

The webinar focuses on what drives BDC valuation and how boards may fulfill their oversight role, the impact of the SEC’s new fair value rule 2A-5 on BDCs, and more.

Christopher Dougherty

Mr. Dougherty is a vice president in VRC's portfolio valuation with over 10 years experience in principally commercial credit risk management and valuation. He specializes…

A 4Q 2021 Update on Middle Market Credit Spreads and Required Returns

Post-Q4 2021, investors are reporting a greater willingness to underwrite more storied, high COVID impacted, or marginal issuers.