Heat builds in US middle market as regulators loosen restraints
Billions of dollars are flowing into direct lending funds targeting US corporate loans to small and medium sized companies, despite signs of weakening underwriting. Unshackling leverage constraints on business development companies and reopening the CLO market to them after a two year absence may further overheat the market, say critics.
White Oak became the latest in a long list of US credit firms to raise money to put to work in US middle market corporate credit this week.On Wednesday, the firm said it had raised $2.1bn to invest in directly originated private term loans, as well as ...
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