Difference between Leveraged Finance Syndicate and IG Syndicate
Hi, could someone please kindly share insights on the differences between the above teams. Specifically looking for details on
- syndication process dynamics (I imagine LevFin deals are taking much longer to syndicate due to their more complex nature)
- relevance of market technicals/macroeconomics
- role of juniors in the syndication process (Analysts/Assos)
- which one of these two is more demanding/complex?
Many thanks in advance!!
Diving into the differences between Leveraged Finance Syndicate and Investment Grade (IG) Syndicate, let's break down your queries into the specific areas you're interested in:
Syndication Process Dynamics:
Relevance of Market Technicals/Macroeconomics:
Role of Juniors in the Syndication Process:
Demanding/Complex Nature:
In summary, while both LevFin and IG Syndicates play crucial roles in the financial markets, the LevFin Syndicate deals with more complex, higher-risk transactions that require a deeper level of analysis and longer syndication process. Market technicals and macroeconomics significantly influence both, but the impact is more pronounced in LevFin. Juniors play vital roles in both teams, with potentially more demanding tasks in LevFin due to the complexity of the deals.
Sources: Overview of Leveraged Finance, S&T vs Capital Markets Long-Term, Where does the debt syndication desk sit?, Loan Syndication to Leveraged Finance, Debt Syndicate vs DCM
Anyone? Would very much appreciate some personal insights.
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