Mid-Market

TPG Twin Brook on building a diversified, ‘non-cyclical’ portfolio

Time-tested underwriting principles, conservative leverage structures and active portfolio management will differentiate managers in volatile markets, say TPG Twin Brook’s Christopher Hendrix, Tony Maggiore and Evan Larsen.

Arcmont and Churchill: Fundamentals are sound and potential returns are compelling

Mattis Poetter of Arcmont Asset Management and Mat Linett of Churchill Asset Management explain why the picture for mid-market lending remains compelling, despite negative headlines.

The mid-market tug of war

With the upper end of the mid-market becoming more competitive, questions turn to the risk of private debt’s big hitters moving further downstream.

Why infrastructure mid-market credit is building momentum

From differentiated dealflow to favourable terms and pricing, mid-market debt has several structural dynamics that infrastructure investors find compelling.

Private credit’s DPI dilemma

DPI may primarily be seen as a private equity problem, but an expectation of timely returns means private credit is being held to an even higher standard.

S&P, Moody’s say resilient borrowers entered a vulnerable window in Q1

Two reports agree on the challenges and apparent ‘calm’ of 2026, but suggest different views of what comes next.

Shamrock Capital holds final close on $813m media, entertainment fund

The latest vintage of the series, which previously held rights to Taylor Swift’s catalogue, continues its focus on acquiring cashflow-generating assets.

Apollo holds $1.9bn final close for liquid credit fund

The manager’s deputy co-head of hybrid, Chris Lahoud, says the current moment is one of heightened volatility.

Permira Credit on AI advances: Avoiding structural losers with sector expertise

The disruptive influence of artificial intelligence means sector knowledge in private credit has never been more important, say Permira Credit’s David Hirschmann and Benoit Vauchy.