The Middle Market Becomes Province of Direct Lenders
In 2016, direct lenders had another big year with fund managers raising a startling USD 11.4bn among 25 funds. From this flurry of activity, it was clear that life insurance companies, hedge funds and other institutional investors were more than willing to play the role of banker. Alternatively, by the end of Q1 2017, businesses in the technology, telecom, retail and financial services sectors have made up the lion's share of leveraged loan issuance (41.2% in total lending). But with legislation currently being written to dismantle Dodd-Frank, one must ask, what will become of the market if it makes it to the president's desk for signing? Also, will other reforms along with a rising-rate environment slow the pace of private debt deals? How will banks or direct lenders grow their respective share in the middle market?
Please join Debtwire and esteemed panelists for a morning event dedicated to mid-market financing.