Mid-Market

We believe lending to smaller business has some distinct advantages for investors, says Trevor Clark, founder of TPG Twin Brook.

Convergence in the upper mid-market is creating opportunities, say Kevin Lawi and Christopher Kempton of the Credit Investments Group, UBS Asset Management (formerly Credit Suisse Asset Management).

All the signs show that the tide is beginning to turn.

TPG says it has expanded its sponsor network and completed almost 200 transactions.

Golub Capital’s Altman Index shows firm growth in the mid-market was led by healthcare, industrial and tech firms.

Investors prefer more targeted strategies to mainstream mid-market direct lending.

Case involving hedge funds lending to start-ups represents a blow to the SEC.

Manager splits the asset class into two verticals, with Singhal heading direct lending and Shtaingos leading securitised credit.