Posts by THE LEAD
Let’s Be Clear
“Investors need to understand that private markets don’t have the same degree of transparency as public markets.”
Read MoreSuccess, Not Overnight
Private credit’s growth story, over a decade old, is still evolving. Source: Preqin.
Read MoreThe OG of Private Credit: Welcome to the Platinum Era™
”This is great for us.” That’s how one private credit manager summarized the cumulative impact of noise around the asset class.
Read MoreMiddle Market Deal Terms at a Glance – May 2026
Open for Business
When public credit markets close, private credit absorbs the shock. Source: FT, Hinze, Rintamaki, Mondini, Steffen.
Read MoreThe OG of Private Credit: The Steadi-Cam of Capital Markets
“We are late in the credit cycle.” What is often a throw-away line preceding some dire market prediction, should be questioned.
Read MoreThe OG of Private Credit: Conjuring a Crisis
According to Merriam-Webster, apophenia, or mistaken pattern recognition, is “the tendency to perceive a connection or meaningful pattern between unrelated or random things.”
Read MoreSetting Expectations
Despite the headlines, direct lending makes up a much smaller share of household and business debt than mortgages did at…
Read MoreThe OG of Private Credit: The Dot Calm
For over a decade, software has been the darling of investors. The reasons were evident long before the pandemic made the sector impossible to ignore.
Read MoreThe Bigger Picture
Software became less of a sector and more of a defining strategy — particularly among larger funds. Source: BDC collateral
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