Big Bank Takes Little Bank: How a Downturn Could Affect Regional Banks’ Investment Banking Strategies

Will regional commercial banks stay committed to their investment banking divisions once the lucrative M&A advisory fees dry up in the next downturn?

September 20, 2022 Charlie Perer | SG Credit Partners Phil Neuffer

The Adjustment Bureau: Adjusted EBITDA Has Become the New Normal

Today’s investment bankers play a very powerful role in the market and have transitioned to asking lenders to consummate financings based on adjustments to EBITDA rather than actual EBITDA, which presents real challenges for lenders across all markets. Charlie Perer, co-founder and head of originations at SG Credit Partners, compares today’s “adjusted” world to that of titular sci-fi flick “The Adjustment Bureau” as he spells out what shifting lines in the sand mean for the specialty finance industry.

July 27, 2022 Charlie Perer | EBITDA | Investment banking | SG Credit Partners Phil Neuffer

Surviving in the ‘Twilight Zone’ of Asset-Based Lending

In the current market, where sentiment can change on a dime due to everything from supply chain constraints to geopolitical upheaval, it’s essential to expect the unexpected, but that doesn’t mean we can actually see the twists coming.

March 24, 2022 Asset Based Lending | bankruptcy | Charlie Perer | SG Credit Partners | Specialty Finance Phil Neuffer

Black Hawk Down: Understaffed Workout Groups Must Prepare for the ‘Next Battle’

Charlie Perer explains how mounting economic stressors are setting the stage for an impending increase in work-out activity in which non-bank distressed and asset-based lending groups will look to take advantage of understaffed bank work-out groups.

February 7, 2022 Charlie Perer | SG Credit Partners | special assets groups | Turnaround Management Phil Neuffer

SG Credit Partners Acquires Stonegate Capital Holdings

SG Credit Partners acquired Stonegate Capital Holdings and its entry into asset-based lending with a focus on consumer and recurring revenue verticals. Stonegate will operate independently as a new division of SG Credit Partners and continue to build upon its position as a non-bank direct lender.

November 2, 2021 Charlie Perer | Mack McNair | Marc Cole | SG Credit Partners | Stonegate Capital Holdings Ian Koplin

Feudalism and Finance: The Rise and Proliferation of SBICs

Charlie Perer of SG Credit Partners takes us on a trip back to the era of feudalism (sort of) by exploring the spread of regional small business investment companies (SBICs) and their impact on the lower middle market.

October 4, 2021 Charlie Perer | SG Credit Partners | Small Business Development Companies Phil Neuffer

SG Credit Partners Extends Credit Platform, Launches New Website

SG Credit Partners extended its credit platform for lower middle-market entrepreneurs and launched a new website illustrating its expanded capabilities.

May 24, 2021 Andrew Hettinger | Charlie Perer | SG Credit Partners Ian Koplin

Little Dippers: The Rise in Debtor-in-Possession Facilities in the Lower Middle Market

As an increase in bankruptcy activity looms on the horizon, the debtor-in-possession market is becoming more competitive, especially as non-bank lenders are increasingly prepared to offer capital and go to the mat against larger bank lenders.

May 10, 2021 Charlie Perer | Debtor-in-Possession Facilities | SG Credit Partners Phil Neuffer

SG Credit Partners Enters Collateral-Based Lending Arena, Names Butler Managing Director

SG Credit Partners started a collateral-based lending division and hired Nathalie Butler as managing director of underwriting to lead the group.

January 26, 2021 Andrew Hettinger | Charlie Perer | Marc Cole | Nathalie Butler | SG Credit Partners Phil Neuffer

The Rise of Bank-Owned Asset-Based Lenders that Act Like Non-Banks

Charlie Perer outlines an emerging trend of bank-owned asset-based lending divisions conducting business in a fashion similar to non-bank asset-based lenders while gaining an advantage due to the ability to price like a bank.

January 21, 2021 Charlie Perer | SG Credit Partners Grace Garwood