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Nearly six months on from the outbreak of covid-19 in the US, Twin Brook Capital Partners’ Garrett Ryan discusses the pandemic’s effect on the middle market and the direct lending space thus far.

Taking a rigorous and holistic approach to portfolio construction and analytics should be a priority for private credit investors, writes Jon McKeown of Northleaf Capital Partners.

Coronavirus was top of the agenda with four private debt experts this summer. Although there are bound to be some casualties, everyone agreed that private debt is well-placed to emerge strongly from this most unpredictable set of events.

For investors mulling US private debt allocations, there are plenty of openings amid the covid-19 chaos. But investors should take a considered approach, advise Partners Group’s Christopher Hardison, managing director for private debt Americas, and Anna Filipovich, senior associate.

Lenders who stayed disciplined will reap the rewards in the post-pandemic economy, say Daniel Leger and Gregory Racz of MGG Investment Group.

As pricing and terms in the mid-market revert to the mean, Monroe Capital’s Tom Aronson and Carey Davidson explain how experience and relationships can improve outcomes for borrowers and investors alike.

Unless you happen to be a covid-resistant business, the chances of a successful deal at the moment may be slim, but the period ahead looks promising in many ways. David Brackett of Antares Capital takes the temperature of the market.

Ainun Ayub of Brown Brothers Harriman believes the asset class is poised to step up and provide support to a large number of small and medium-sized businesses.

As companies emerge from lockdown, there is much demand for financing solutions. With the current state of capital markets, private debt will be the answer, says David Allen, AlbaCore Capital Group’s founder and chief investment officer.

Although some portfolios may be under stress, there are more opportunities than threats for many private credit managers thanks to their ability to lend across the capital structure, says Keith Williams of Crestline Investors.