2025 Pulse &#8211; Private Credit and Private Equity

The Middle Market Debt Weekly – March 31, 2025

2025 Private Credit and Private Equity

The Convergence of ABL and Private Credit: A New Frontier for Middle Market Liquidity in 2025

June 15, 2025

The U.S. middle market is witnessing a transformative convergence: asset-based lending (ABL) and private credit are merging to create hybrid financing solutions that enhance liquidity in 2025's evolving economy. This blend combines ABL's collateral discipline with private credit's flexible scale, offering a lifeline to private equity (PE)-backed firms and a collaborative opportunity for investment bankers, legal advisors, specialty lenders, and turnaround experts. This article explores...

PRIVATE EQUITY AND PRIVATE CREDIT:

ON THE MOVE

Top Story

The Convergence of ABL and Private Credit: A New Frontier for Middle Market Liquidity in 2025

Featured Articles

Leverage Limits: Stress-Testing Middle Market Debt Capacity in a Volatile 2025 Economy

The $35,000 KPI: Why CAC Is the Hidden Lever of Growth for Middle Market Dealmakers

Operational Value Creation: The Collaboration Between PE Operating Partners and Lender Monitoring Teams

The Migration of Direct Lending Down-market: How Sub-$50M EBITDA Companies Are Accessing Private Credit

The Non-Bank Wave: How Non-Bank Lenders Are Redefining Middle Market Capital Structures in 2025

Navigating the Confluence: Asset-Based Lending’s Strategic Role in the Evolving Private Credit Landscape

Deals

Wingspire Capital Provides Credit Facility to Industrial Supplier

Perfect Moment Secures $12MM in Growth Financing from Krane Capital and X3

Willis Lease Finance Amends Revolving Credit Facility

Southstar Capital Provides $1MM PO & A/R Facility to Support Commercial Project Demand

Equify Financial Originates $5MM Diminishing Revolver for Sand Logistics Technology Provider

Trinity Capital Provides $50MM in Growth Capital to Sage Health

Jushi Refinances Former Facilities with $160MM Non-Dilutive Debt Financing

Cipher Digital Secures Data Center Lease and $200MM Credit Facility

Aligned Data Centers Secures $2.58B Credit Facility for Expansion

Versant Funding Provides $1.4MM Factoring Facility to Manufacturer

Sallyport Commercial Finance Provides $125K A/R Facility to Florida Pet Services Provider

Global Infrastructure Partners Upsizes Budderfly Debt Facility to $550MM

TPG Twin Brook Backs Southfield Add-On Deal

Sallyport Secures $500K AR Facility for Texas Lubricant Producer

Archway Commits $50MM ABL Credit Facility for Mason Companies Refi

MidCap Business Credit Provides $15MM Facility to Oil Field Equipment Manufacturer

Featured Stories

Leverage Limits: Stress-Testing Middle Market Debt Capacity in a Volatile 2025 Economy

The $35,000 KPI: Why CAC Is the Hidden Lever of Growth for Middle Market Dealmakers

Operational Value Creation: The Collaboration Between PE Operating Partners and Lender Monitoring Teams

The Convergence of ABL and Private Credit: A New Frontier for Middle Market Liquidity in 2025

The Migration of Direct Lending Down-market: How Sub-$50M EBITDA Companies Are Accessing Private Credit

The Non-Bank Wave: How Non-Bank Lenders Are Redefining Middle Market Capital Structures in 2025

THE DIRECTORY:

Capital Sources and Service Providers