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Mid-Market
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.
Higher returns and a broad opportunity set are bolstering the outlook for private debt in Europe, says Pemberton Asset Management’s Robert Wartchow, but a consistent, credit first investment approach is critical.
A flexible offering and established track record remain key in the European lower mid-market, say Investec’s Helen Lucas, Alexandre Neiss and Kai Stengel.
Some US mid-market borrowers are finding things tough, but there can be a lot of value in helping them through their problems.