LSTA, Inc. Welcomes SEC Proposal Clarifying Treatment of Discretionary Trading Authority Under Custody Rule
LSTA, Inc. today welcomes the Securities and Exchange Commission’s proposed amendments to the investment adviser custody rule, particularly the Commission’s proposal to provide an exception from the custody rule for authorized discretionary trading activity. We greatly appreciate the Commission’s efforts to propose common sense solutions to important, longstanding industry issues.
LSTA Releases Valuations Report on Level 3 Loans
LSTA, Inc. (“LSTA”), the trade association for the U.S. corporate lending market, today released a report detailing the valuation framework for performing Level 3 loans. The report highlights the approaches adopted by managers, investors, and regulators to enhance rigor and transparency in valuing private corporate credit (PCC) assets.
LSTA Member Firm Survey Shows U.S. Private Corporate Credit Market Has Grown to More Than $1.5 Trillion, Affirms Funds Employ Modest, Stable Leverage
LSTA, Inc. (the “LSTA”), the trade association for the U.S. corporate lending market, today released a report detailing data from its landmark survey on the U.S. private corporate credit market (“PCC”). The report provides a foundation for greater visibility on the size and leverage used in the asset class and a benchmark for the broader leveraged finance market.
