Direct Lenders: The New Big Loan Arrangers

THE LEAD|August 21, 2019

Content hub / Article / Direct Lenders: The New Big Loan Arrangers

This week commentary, we take a look at large sponsored financings led by direct lenders. After Ares underwrote Thoma Bravo’s $1 billion Qlik deal in 2016, market observers thought this might lead to a wave of similar mega-buyouts led by the non-banks.
Private credit providers have raised record funds in a variety of vehicles, allowing them to compete against banks in the business of underwriting larger leveraged loans.

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