Mid-Market

Aflac unit buys 40% stake in direct lender Tree Line

Tree Line’s ‘underwriting discipline’ attracted the insurance giant in its pursuit of exposure to mid-market direct lending.

Eldridge, Raymond James joint venture to offer private credit solutions

Insurance and investment manager teams up with M&A platform to offer private credit solutions to sponsor-backed companies.

Ratings agencies see shadows over mid-market credit in 2024

S&P Global Ratings and Fitch Ratings agree issuers are showing the strain under high interest rates, and creditor funds will be tested.

Opportunistic credit sparks investor interest in Europe

The European mid-market is proving fertile ground for more complex capital solutions.

Pemberton Asset Management: A vintage year in Europe

Higher returns and a broad opportunity set are bolstering the outlook for private debt in Europe, says Pemberton Asset Management’s Robert Wartchow, but a consistent, credit first investment approach is critical.

Investec’s tailored approach to credit investing across Europe

A flexible offering and established track record remain key in the European lower mid-market, say Investec’s Helen Lucas, Alexandre Neiss and Kai Stengel.

Why the struggling, high-quality firm is not a contradiction

Some US mid-market borrowers are finding things tough, but there can be a lot of value in helping them through their problems.

Inside the love-hate relationship between banks and private credit

They co-operate but also aggressively compete with each other. But what exactly are they compromising on and fighting over? We take a deep dive into the places where banks meet fund managers.

Arena’s Zwirn sees opportunity amid implosion

We’re still only in the bottom of the first inning of the ‘destruction’ caused by the growth and venture space in late 2021, says the fund manager’s CEO.

Refinancing: Is the maturity wall a myth?

New research found just 10-15% of mid-market private credit loans are scheduled to mature in the next two years.