A lead manager is a bank or other financial institution tasked with underwriting a new issue of bonds or heading a syndicated bank facility. This institution is often chosen due to a close relationship with the borrower or a successful track record in competitive bought deal contests.
A participation loan is a financial arrangement where multiple lenders share in providing a loan, typically with one lender acting as the lead to service the loan. This can distribute the risk and allow for larger loan amounts than a single lender might handle.
