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Mid-Market
What is driving the increased use of accordions in the mid-market?
Private credit funds are flocking to industries deemed to be insulated from geopolitical uncertainty. But does this flight to safety mean competition is heating up?
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.
Non-sponsored deals are becoming more prevalent in the private credit industry as lenders grapple with declines in private equity fundraising.
Private debt’s most popular strategy retains a lot of appeal for mid-market investors, but appetite for more innovative structures is growing.
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.
Private credit firms and investors look at how to make the best of what's on offer in the mid-market amid a challenging macro environment.
Intensifying geopolitical uncertainty has implications for deal volumes, terms and pricing throughout the mid-market private credit industry, but it still shows opportunities for growth.
Investors are bullish on mid-market lending despite default and recession risks, and even as swelling inflows are leading some private debt GPs to do larger-cap deals.