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As the US private debt industry has evolved, so have the demands on mid-market managers. Tim Houghton and Mike Fredian of Cortland, part of Alter Domus Group since March 2018, offer PDI a fund administrator’s take on the market.

In an environment where private equity sponsors are demanding flexibility, managers need to be selective, Walter Owens, chief executive of Varagon Capital Partners, tells PDI.

Just over a year after launching BC Partners’ debt arm, Ted Goldthorpe, managing partner of BC Partners Credit, offers insight on the US mid-market deal-making landscape.

Nearly six months on from his firm’s acquisition by First Eagle Investment Management, Tim Conway, NewStar Financial’s founder and current head of private credit, gives his take on senior debt strategies in the US mid-market.

For mid-market managers seeking differentiated deals, Europe’s non-sponsored space is a big draw. But a local presence is vital, says Jaime Prieto, managing partner with Europe-focused manager Kartesia.

Antares’ John Martin and Vivek Mathew discuss what characterised 2017 in the private debt world and the ongoing importance of diversity in a credit manager’s portfolio.

The key to effective fund administration is a detailed understanding of a fund’s inner working. Stephen Osmont, director at fund administrator The Aztec Group, takes a deep dive.

As the needs of fund managers have evolved, so have the services offered by third-party providers. PDI caught up with Charles Le Cornu, head of private debt at Sanne, for an industry perspective.

Private debt fund managers are embracing new technology systems that private equity firms are not. Kevin MacDonald, co-CEO of Black Mountain explains why.