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Mid-Market
Direct lending deals are getting bigger – but arguably, the most compelling relative value still lies in the traditional or ‘true’ mid-market, say Barings’ Tyler Gately and Stuart Mathieson.
Stressed investments that don’t require restructuring can prove a rich source of performance, says Adam Phillips from RBC BlueBay Asset Management.
Default rates are starting to increase in the upper mid-market, making credit terms more important than ever, says TPG Twin Brook Capital Partners’ Kim Trick.
The mid-market appears all set for a soft landing after promising start to 2024.
Platform deal volumes may still be down, but portfolio-based activity is keeping lenders busy, say Churchill Asset Management’s Jason Strife and Mat Linett.
Manager finances energy storage developer as part of a broader expansion of US operations to take advantage of the Basel III endgame and ABL.
Tree Line’s 'underwriting discipline' attracted the insurance giant in its pursuit of exposure to mid-market direct lending.
Insurance and investment manager teams up with M&A platform to offer private credit solutions to sponsor-backed companies.
S&P Global Ratings and Fitch Ratings agree issuers are showing the strain under high interest rates, and creditor funds will be tested.
The European mid-market is proving fertile ground for more complex capital solutions.