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Jenny Lee left JPMorgan's table-topping leveraged-finance desk for a gig with Brigade Capital Management. The dealmaking veteran is taking the plunge into private credit as the market shifts.
In finance, leverage, also known as gearing, is any technique involving borrowing funds to buy an investment.. Financial leverage is named after a lever in physics, which amplifies a small input force into a greater output force, because successful leverage amplifies the smaller amounts of money needed for borrowing into large amounts of profit.
At $31.1 billion of transaction value, RJR Nabisco was the largest leveraged buyout in history until the 2007 buyout of TXU Energy by KKR and Texas Pacific Group. [19] In 2006 and 2007, a number of leveraged buyout transactions were completed that for the first time surpassed the RJR Nabisco leveraged buyout in terms of nominal purchase price.
James Bainbridge Lee, Jr. (October 30, 1952 – June 17, 2015) was an American investment banker, notable for his role in the development of the leveraged finance markets in the U.S. in the 1980s. He is widely credited as the architect of the modern-day syndicated loan market. [1]
These leveraged single-stock offerings now represent $13.4 billion in assets, according to Bloomberg Intelligence data, compared with $3.3 billion last year. These products are also easy to purchase.
Short-selling using leverage, however, means an investor could lose much more than 100% of their position if a stock increases, leaving them in significant levels of debt.