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.

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.

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.

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

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

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.

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?

As direct lending captures more and more deal activity, firms in this segment will need to differentiate themselves on various fronts, argue Ian Fowler and Adam Wheeler, co-CEOs of Corinthia Global Management.

Lending at scale in Europe’s granular residential market requires a careful balance of operational efficiency and local knowledge, says Adam Baghdadi, head of lending solutions at Arrow Global.

Non-sponsored deals are becoming more prevalent in the private credit industry as lenders grapple with declines in private equity fundraising.