Media – Blog
September 9, 2024
Recent market turmoil, triggered by the Bank of Japan's interest rate hike and disappointing US jobs data, has resulted in a sell-off in Japanese megabanks' stocks. Cash and short-duration bond investors may be wondering if they should worry about these banks’ credit profiles. Here is a balanced analysis to help
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August 15, 2024
Registered Investment Advisors (RIAs) vs. Broker-Dealers (B-Ds): An Overview The services of a registered investment advisor or a broker-dealer should be considered if you are seeking to establish a separately managed account for your institutional cash investments. RIAs that are regulated by the U.S. Securities and Exchange Commission (SEC) have
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August 14, 2024
In recent times, venture debt market conditions have been challenging, and Q2 2024 was no exception. The level of activity in the venture debt market continued to decline in Q2 2024 as there were only 160 deals completed in the quarter. This represents a 25% decrease from the number of
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August 12, 2024
Recent inflation readings have shown promise that price increases are returning to the Fed’s 2% target, a positive for the consumer and economy that may allow the Fed to pivot towards rate cuts. Simultaneously, consumer product manufacturers are facing a pivot of their own. Changes in consumer shopping patterns suggest
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July 23, 2024
How to Position Your Company to Lenders in a Challenging Venture Debt Environment. If you are considering venture debt financing to strengthen your balance sheet, extend your cash runway, and minimize equity dilution, understanding the current challenging lending environment will be crucial to your success. In the past two years,
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July 11, 2024
In April, The Wall Street Journal reported that former President Donald Trump’s advisory team has been drafting proposals that could potentially alter the structure of the Federal Reserve, in the event he is elected for a second term. The former President’s team has yet to publicly confirm the existence of
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May 22, 2024
Commentary - Q1 2024 The venture debt markets have generally hovered around historical lows over the past 15 months, however, according to Pitchbook, venture debt deal value, as a percentage of total venture capital fundings, rose to 18.6% in the first quarter of 2024. Dating back to 2013, the average
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May 21, 2024
Introduction On March 7th, 2024, the European Commission (EC) began enforcing the Digital Markets Act (DMA), one of the most sweeping antitrust policies for Big Tech to date. Yet despite the broad scope covered under the legislation, the market reaction was relatively muted. This suggests a belief that the companies’
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May 6, 2024
For the quarter ending March 30th 2024, Apple reported net income of $23.6B, down 2.2% year-over-year, on revenues of $90.8B which were 4.3% lower over the same period. The change in revenues reflected a 14.2% increase in services revenue and a 9.5% decrease in product revenues. Of particular note, iPhone
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April 29, 2024
On Friday afternoon, the FDIC took the failed Republic First Bank into receivership and the majority of the bank’s assets and liabilities were sold to Fulton Bank on the same day. We do not expect this bank failure to create systemwide turmoil similar to what we experienced in March of
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