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Mid-Market
How do you characterise the state of the mid-market? There’s something of a reality check going on.
Despite macroeconomic headwinds and the rising cost of capital, transaction activity looks set to pick up in the second half of 2023, says Sarah Roche, head of capital markets and managing director at Twin Brook Capital Partners.
Private credit has served the mid-market for years, but now the sector is expanding into larger transactions with great success, explains Lee Kruter, partner and head of performing credit of GoldenTree Asset Management.
The UK saw a significant drop in overall mid-market financing during 2022, while banks secured increased market share.
The manager’s second business development company addresses growing retail interest in income-producing investment.
-80x80.jpg "Nuveen Churchill PCAP: A BDC with PE co-investment")
Begins life with a portfolio of approximately $350M, including TIAA commitment.
The purchase is expected to add a broader set of solutions for companies and PE sponsors.
Private lender's index, report offer hope for macro 'soft landing' as pressures abate.
Australia’s largest pension fund is aiming to triple its exposure to private credit.
A turbulent market is creating opportunities to support non-sponsored entrepreneurs with creative solutions in the lower mid-market, says Kevin Griffin, CEO and CIO at MGG Investment Group.