Private Credit’s Speed Premium Powers Middle Market M&A Recovery
Direct lenders finance 86% of LBOs as certainty of execution commands 75-100 basis point premium while cutting close times from...
Forward for Specialty Finance
Liability Management 2.0: Post-Serta Innovation Accelerates Despite Court Setbacks
Q2/2025 LMT volume surpasses 2024's record pace as sponsors combine dropdown, uptier and double-dip structures in increasingly complex transactions that...
Hybrid ABL-Cash Flow Structures: The New Middle Market Standard
The convergence of ABL and cash flow lending represents more than a financing tweak—it's a structural shift blending ABL's precision...
Direct Lending and BSL Markets: The Battle for Middle Market Share
While BSL markets will appeal to borrowers with lower pricing in 2025, large credits will no longer default to BSL...
BDC Regulatory Evolution Opens New Capital Formation Avenues
Simplified co-investment relief and leverage flexibility position BDCs to deploy $228 billion in combined assets as SEC modernizes 1940s-era restrictions....
ABL’s $66B Market Redefines Middle Market Finance
Once a niche tool for distressed borrowers, asset-based lending has become a $660 billion-plus cornerstone of modern finance, reengineered by...
Manufacturing Renaissance: How the One Big Beautiful Act and Private Credit Are Accelerating Middle Market Industrial Dealmaking
The One Big Beautiful Act, paired with private credit’s expanding role, is reshaping middle market manufacturing by driving new investment,...
OBBBA Tax Provisions Transform Middle Market Deal Economics
Permanent bonus depreciation and R&D expensing generate $2-5 million in annual tax savings for typical borrowers, expanding leverage capacity by...
Software and SaaS in the Middle Market: The Shift from Growth to Profitability Financing
As middle market software and SaaS financing pivots from growth-at-all-costs to profitability-driven models, lenders, sponsors, and advisors are rewriting the...
Digital Due Diligence and Virtual Data Rooms: How Technology Is Accelerating Middle Market Deal Velocity
AI-powered VDRs, automated QoE and real-time analytics are compressing diligence from weeks to days and cutting surprises, giving tech-enabled buyers...
