PODCAST: Why your next deal sourcing avenue may not have funds

Independent sponsors, once known as fundless sponsors, have proliferated in recent years as they shed a reputation for inability to deliver, and have appealed to LPs wanting to commit capital to individual deals.

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The cash spigot for mid-market lending shows no signs of abating anytime soon, and for managers, that means the competitive environment for private equity-backed deals likely won’t abate in the near future. Enter independent sponsors.

These firms that raise capital on a deal-by-deal basis have grown in popularity in recent years and have become a viable source of dealflow for many credit managers. To learn more, we spoke with Monroe Capital managing director and equity group head Brad Bernstein, Citrin Cooperman partner Sylvie Gadant and AGI Partners partner David Acharya.