Mid-Market Lending 2023

After defying expectations in the last two years, private debt’s most dynamic market could be expected to cool off in 2023 as the macroeconomic realities start to bite. But there’s overwhelming consensus that the current difficulties in both the banking industry and the deal market will play to the strengths of the mid-market. We consider the key trends driving the sector in 2023 and look at how fund managers are achieving double-digit returns despite the tough environment.