The lower mid-market has recently gained significant traction with investors, with many new players entering the space. However, we believe maintaining a consistent approach and building a portfolio designed to remain resilient is something LPs value in the mid-market lending space.
In this Q&A with Private Debt Investor, Ted Denniston and Joe Lazewski, Co-Heads of our direct lending subsidiary NXT Capital, discuss their approach to the lower mid-market – even in challenging environments – why this part of the market has become so appealing, and how managers can stand out in a crowded market.