“I am running flat out, and the pile keeps getting deeper,” one investor said.
Roughly the same number of deals priced on the USPP market in the first quarter of 2013 as did in Q1 of last year, but overall they were significantly smaller.
The top five spots on the private placement league tables saw only minor changes in 2012 compared to 2011, however a couple of agents further down the rankings made significant moves toward the top.
Three investors, Brad Ritter of Delaware Investments, Chris Lyons of ING Investment Management and Laura Montgomery Parrot of TIAA-CREF, discuss how far they would go to pick up yield in the private debt market.
All investors face the challenge of picking up yield, but it can be particularly tough for the typical private placement investor, who’s restricted from buying subinvestment-grade paper.
