Mid-Market

TPG Twin Brook: The lower mid-market offers a compelling opportunity

Targeting lower middle market borrowers offers a pricing premium and better lender protections, but a long-term commitment to this segment is critical, says Rich Christensen, senior partner at TPG Twin Brook.

Pictet Asset Management discuss the many attractions of the lower mid-market

The European lower mid-market is home to attractive niche sectors that are decoupled from macroeconomic uncertainty, says Andreas Klein, head of private debt at Pictet Asset Management.

Mid-market borrowers pass stress test amid higher rates, report says

KBRA says its assessment portfolio experienced ‘only a slight deterioration’ in interest rate coverage.

Churchill closes on CLO, Mubadala co-invests

Mubadala will hold the majority of subordinated notes in the $400m mid-market CLO.

‘Anti-fragile’ private debt can keep the regulators happy

Amid chatter about the potential systemic risk that private debt may pose, the Alternative Credit Council’s Jiri Krol admits the asset class has a data problem but sees little for the policymakers to fear.

Marblegate sees ongoing operational and financial distress for mid-market

A new white paper also finds opportunities in the troubled waters, but only for ‘transformational capital’.

The credit crunch that private credit should be focused on

Regulatory pressure is curtailing banks’ willingness to lend and playing into the hands of non-banks, says Charlie Perer of SG Credit Partners.

Asia is latest destination for expansive Muzinich

Muzinich & Co can claim an unusual status in being a New York-headquartered fund manager that made Europe its initial target market.