Dealscan is great for measuring syndicate stakes at origination—but those stakes aren’t always the same as who actually owns the loan after it starts trading. This is particularly true for Term Loan B facilities, where ownership can shift rapidly from banks to funds.
Sebastian Hillenbrand, Quirin Fleckenstein, Tony Saunders and I have a handy Dealscan guide that helps you estimate participant ownership shares beyond origination using easy (using only Dealscan data), transparent adjustments by investor type. Download/use the guide here.