No covenant worries here

More attractive deal terms and the ability to be highly selective are among the reasons why investors are increasingly tempted to diversify into the smaller end of the market, maintains Jaime Prieto of Kartesia

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What explains the attractiveness of senior strategies in the lower mid-market?

The first element is the sheer size of the market. We look at companies with EBITDA of €5 million to €20 million and that is clearly the largest segment of the market in Europe. Visibility of deals is very significant.

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