How managers choose the right tactic

A sharp increase in market participants in the mid-market is pressuring loan pricing and covenants, so where does value sit in the sector?

The US mid-market has seen an inflow of both capital and new players in the last two to three years and, according to Theodore Koenig, CEO of sector specialists Monroe Capital, the result is a much busier sector.

“The US mid-market is crowded and active, those are the two key words,” he says down the phone line from his Chicago office.

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