Covenant Defaults and the “Bad PIK” Signal: What Lincoln International’s Senior Debt Index Is Telling Direct Lenders
The debate over private credit stress tends to default, as debates in financial services often do, to the headline number....
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Capital, Consolidation & Conspicuous Consumption: The Gilded Age Captains of Industry
Editor’s Note: This is the second installment of a summer series. Read the first article here. Cyrus McCormick had perseverance...
Slowing Growth, Rising Stress: What the Middle Market’s Diverging Credit Signals Mean for Lenders and Sponsors
Lincoln International's Private Market Index (LPMI) recorded full-year 2025 EBITDA growth of 4.7% across its middle market portfolio, an improvement...
ABF Under Pressure: Capital One’s John Robuck on What Sets It Apart
Click here to listen on Spotify. Private credit has had a rough stretch. High-profile defaults and bankruptcies have shaken confidence...
Stopping MCA Withdrawals: Why an “MCA Attorney” May Not Be the First Call
The Risk in Confusing an "MCA Attorney" with Corporate Restructuring Counsel Search the internet for "stop MCA withdrawals" and you'll...
TMA Leading Edge Series with Matthew English: Decision Paralysis: A Barrier to Turnaround
ABF Journal is proud to share the next installment of TMA's 10-part interview series produced by Second Wind Consultants/Rise Alliance,...
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...
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,...
