Posts by THE LEAD
Different Strokes
Core and LMM portfolio overlap has remained relatively stable over the past decade. Source: Company filings and Raymond James research
Read MoreThe OG of Private Credit: How We Got Here
According to iCapital, private credit refers to “tailored financing options – typically loans – that are directly made to strategically identified companies by non-bank lenders.
Read MoreLeverage Takeover
Middle market buyout financings increasingly dominated by direct lenders. Source: LSEG LPC. Middle Market LBO volume.
Read MoreThe OG of Private Credit (First of a Series)
“Private credit is, by its nature, still an illiquid asset class.”
Read MorePerception is Reality
Investors bombarded with scary headlines worrying less about real private credit risks. Source: PitchBook
Read MoreMiddle Market Deal Terms at a Glance – March 2026
Source: SPP Capital Partners Contact: Stefan Shaffersshaffer@sppcapital.com
Read MoreWhy Private Equity Matters (Last of a Series)
For most of its history, private equity was built for institutions – pension funds, endowments, sovereign wealth funds. Individual investors…
Read MoreThe IT Factor
IT deals commanded a larger piece of the M&A pie in 2025. Source: PitchBook
Read MoreWhy Private Equity Matters (Part Nine)
Private equity firms spend considerable time finding the right business, market, or operating model before making an investment. This is fundamental,…
Read MoreLeading the Way
The US was a relative bright spot in global private equity fundraising in 2025. Source: Preqin, McKinsey analysis
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