Mid-Market

European unitranche activity steady in Q3

Debt funds continue to lead the market, says Houlihan Lokey’s midcap monitor.

Metropolitan Partners Group: Why empathy is crucial in the US lower mid-market

Overlooked by many firms, the US lower mid-market can be a fertile hunting ground, according to Metropolitan Partners Group’s Paul Lisiak.

Vistara Growth holds $321m final close for growth-stage lending fund

The provider of growth debt and equity capital will target mostly B2B software firms with $10m-$100m in revenue.

Ares CEO says it avoids trade finance, seeks to reassure on credit cycle

Michael Arougheti, Ares’ CEO, views subprime lender collapses as ‘idiosyncratic and isolated’, not signifying a turn in the credit cycle.

Apogem Capital: Taking the long view on private debt

Lower mid-market direct lending provides investors with exposure to parts of the real economy that are underrepresented in public markets and at an earlier stage of value creation, say Apogem Capital’s Josh Niedner and Rob Douglass.

Bain Capital on bridging a stubborn bid-ask spread

A dislocation between soaring equity markets and economic fundamentals could yet prevent buyers and sellers coming together on price, says Bain Capital’s global head of private credit Michael Ewald.

QIC on doubling down on private debt

Private debt in Australia benefits from strong structural growth drivers, says Simon La Greca, head of private debt at QIC.

Kartesia on the power of proximity in Europe

Duncan Browne, head of investor relations at Kartesia, explains the strategic importance of having a strong local presence in Europe.

European lenders are increasingly sponsorless and thriving

Lenders in Europe are attracted to the diversification and enhanced risk-adjusted returns that lower mid-market sponsorless deals can provide, writes Aymen Mahmoud of McDermott Will & Schulte.

Five key themes from Private Debt Investor’s New York Forum

Attendees of this year’s event predict that asset-backed finance, artificial intelligence, the mid-market and secondaries will continue to capture LPs’ imagination.