Claire Coe Smith
This is a rare part of the market where first-time funds have a chance to stand out.
Integrated supply chains are transforming an area previously ignored by debt funds.
Investors prefer more targeted strategies to mainstream mid-market direct lending.
Contrary to what some might think, managers argue now is a great time to move into consumer lending.
Lending secured by assets on a company’s balance sheet is a growing form of finance.
Legal assets offer attractive uncorrelated returns.
Royalty strategies exploit borrower demand.
Sector focus is changing as lenders reassess the mid-market.
Lenders are keen to diversify away from cashflow-based lending into more esoteric areas.
LPs are attracted by the strong performance of established players.