Banks and Private Credit Managers Are Building an Origination Infrastructure That Neither Could Construct Alone
The story of bank–private credit partnerships did not begin with a single announcement. It began with a regulatory constraint and...
Forward for Specialty Finance
Pulse
The 200,000-Company Landscape: Where Institutional Capital Still Falls Short in the U.S. Middle Market
The American middle market is frequently invoked by dealmakers but rarely sized with precision. According to the National Center for...
TMA Leading Edge Series with Michael Petrecca – Merchant Cash Advances: An Engine of Distress
ABF Journal is pleased to share the latest episode in a 10-part interview series produced by Second Wind Consultants/Rise Alliance...
The Lender Marketplace: How Non-Bank Lending Is Reshaping the Capital Stack
Click here to listen on Spotify. Small business lending is going through a strange stretch: some companies are thriving,...
Encina Private Credit Rebrands to Encina Commercial Finance, Expands Enterprise Value Lending Product Suite
Mike Hensinger, President and CEO, Encina Commercial Finance Encina Private Credit is changing its name to Encina Commercial Finance, a...
The MCA ‘Restructuring’ Problem: What’s in a Word?
What Does MCA Restructuring Actually Mean? The merchant cash advance relief market is difficult for business owners, lenders, and advisors...
Inside Today’s DIP Financing Landscape: Seth Lieberman on the Issues Reshaping Chapter 11
DIP financing has become one of the most closely watched aspects of today's Chapter 11 cases. In this conversation, ABF...
TMA Leading Edge Series with Quintin Brown: Leveraging Specialists: Navigating Complex Situations
In the latest installment of the TMA Leading Edge Series, TMA Global Chair Rachael Smiley and J.S. Held’s Quintin Brown...
Scale Gravity: How Mega-Fund Growth Is Reshaping the Competitive Map of Private Credit
Something is shifting in the competitive geography of private credit that has less to do with interest rates or regulation...
When the Meter Replaces the Subscription: Why Recurring Revenue Due Diligence Has to Catch Up
For the better part of two decades, lending into software businesses has rested on a comfortable assumption: that recurring revenue...
