Breaking Down a Real Private Credit Case Study
I used to be digging through some deal flow notes recently and stumbled across a private credit case study that perfectly illustrates why this corner from the market is currently exploding. For the longest time, if a mid-sized company needed a few dozen million dollars to expand, they'd just walk into a local or regional bank, shake some hands, and walk out with a term loan. But things have changed. Banks are pulling back, regulations are tighter, and the "computer says no" more often than it used to. ...