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Middle market direct lending market update

Positive tailwinds persist in the asset class

By: David Gaito

Updated: 10/23/2023

Key Takeaways

The rapid and steep increase in rates and the prolonged inflationary environment have started to impact loans originated in 2021 and early 2022.
We believe the current environment for new opportunities has yielded some attractive investments and has, in many cases, shifted the market in the direct lender’s favor.
The market volatility the past year, including the regional bank crisis, arguably have strengthened the tailwinds in the asset class.

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Middle market direct lending market update

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