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Article: Institutional Investors Pass Banks in LBO Market Share.(pass banks in the amount of capital committed to leveraged buyout lending)(Brief Article)
- Article from:
- American Banker
- Article date:
- April 11, 2001
- Author:
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For the first time institutional investors surpassed banks during the first quarter in the amount of capital they committed to leveraged buyout lending, the latest sign that banks are tightening their purses and reserving their assets for the most profitable relationships.
Portfolio Management Data, a research firm in New York, said that institutional investors provided 53.5% of the capital used by the leveraged buyout market in the quarter, compared with 46.5% from pro rata lenders, or banks.
Institutional investors' market share has been rising since they first established a significant presence in the market in the mid-1990s.
Steve Miller, a managing director ...