PDI Staff Writer
An uptick in M&A may not yet have materialised, but the direct lending market remains well positioned for growth, says Michael Occi, a managing director in Morgan Stanley’s private credit team.
Maintaining a consistent approach to terms and deployment is something LPs value in the mid-market lending space, say Ted Denniston and Joe Lazewski, co-heads of NXT Capital.
Mid-market services businesses are relatively insulated from the effects of trade policy and represent attractive opportunities for private capital, argue Churchill Asset Management’s Mat Linett and Jason Strife.
Private debt has a critical role to play in improving the competitiveness of European companies and in helping to create global leaders, says Peter Arnold, head of private assets at LBP AM European Private Markets.
Different lending strategies can result in different outcomes, explains Trevor Clark, founder and managing partner at TPG Twin Brook.
The lower mid-market presents an attractive opportunity to secure advantageous deal terms in pursuit of higher risk-adjusted returns, says Grier Eliasek, president of Prospect Capital.
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Lending at scale in Europe’s granular residential market requires a careful balance of operational efficiency and local knowledge, says Adam Baghdadi, head of lending solutions at Arrow Global.
As direct lending captures more and more deal activity, firms in this segment will need to differentiate themselves on various fronts, argue Ian Fowler and Adam Wheeler, co-CEOs of Corinthia Global Management.
Investors wishing to benefit from positive tailwinds across US, Europe and Asia-Pacific would do well to consider a global direct lending strategy that looks across all three markets, say Tyler Gately, Justin Hooley and Orla Walsh at Barings.