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Mid-Market
Investors are seeking reassurance about diversity, equity and inclusion.
Investors continue to enjoy a strong debt market, with newer transactions potentially offering lower leverage and increased returns, say Barings’ Adam Wheeler and Mark Flessner.
Opportunistic credit funds are seeking to benefit from macro uncertainty.
US direct lenders are seeking to gain an edge with industry knowledge.
How do you characterise the state of the mid-market? There’s something of a reality check going on.
Despite macroeconomic headwinds and the rising cost of capital, transaction activity looks set to pick up in the second half of 2023, says Sarah Roche, head of capital markets and managing director at Twin Brook Capital Partners.
Private credit has served the mid-market for years, but now the sector is expanding into larger transactions with great success, explains Lee Kruter, partner and head of performing credit of GoldenTree Asset Management.
The UK saw a significant drop in overall mid-market financing during 2022, while banks secured increased market share.
The manager’s second business development company addresses growing retail interest in income-producing investment.
-80x80.jpg "Nuveen Churchill PCAP: A BDC with PE co-investment")
Begins life with a portfolio of approximately $350M, including TIAA commitment.