Mid-Market

Five alternatives to mid-market direct lending

Direct lending may be the most popular strategy for private debt investors, but heightened competition for deals means lenders are branching out.

Morgan Stanley: How direct lending is navigating volatility

An uptick in M&A may not yet have materialised, but the direct lending market remains well positioned for growth, says Michael Occi, a managing director in Morgan Stanley’s private credit team.

Measuring the impact of tariffs on mid-market lending

Increasing scrutiny into debt portfolios’ resilience and rapidly changing growth projections will determine the future of mid-market lending activity.

NXT Capital: Standing out in the lower mid-market

Maintaining a consistent approach to terms and deployment is something LPs value in the mid-market lending space, say Ted Denniston and Joe Lazewski, co-heads of NXT Capital.

LBP AM European Private Markets: Creating global champions

Private debt has a critical role to play in improving the competitiveness of European companies and in helping to create global leaders, says Peter Arnold, head of private assets at LBP AM European Private Markets.

Churchill Asset Management: The mid-market is a safe haven

Mid-market services businesses are relatively insulated from the effects of trade policy and represent attractive opportunities for private capital, argue Churchill Asset Management’s Mat Linett and Jason Strife.

TPG Twin Brook: Not all private credit is created equal

Different lending strategies can result in different outcomes, explains Trevor Clark, founder and managing partner at TPG Twin Brook.

Private debt plays the accordion

What is driving the increased use of accordions in the mid-market?

Prospect Capital: The small mid-market is beautiful

The lower mid-market presents an attractive opportunity to secure advantageous deal terms in pursuit of higher risk-adjusted returns, says Grier Eliasek, president of Prospect Capital.

Playing to mid-market strengths

Private credit funds are flocking to industries deemed to be insulated from geopolitical uncertainty. But does this flight to safety mean competition is heating up?