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Axial Radar: LMM Private Credit Picks up Steam

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Axial Radar

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Happy Friday and welcome to another edition of Axial Radar!

This week, we’re revisiting the topic of direct lending (also known as private credit). By no means a new investment strategy, direct lending activity picked up serious steam over the last 12 months. Funds targeting direct lending opportunities raised almost $70B by the end of 2021 – more than 2019 and 2020 combined.

What’s behind the sudden interest in private credit?

At the onset of the pandemic, businesses increasingly began turning to private credit as a quicker, more flexible alternative to traditional bank loans. The consistent performance and resilience of those private loans have led institutional investors to increase their exposure to the private credit asset class. In this week’s featured Industry Trends article (bottom of the newsletter), we take a look at why the direct lending opportunity in the LMM in particular is so enticing.

Our featured buy-side members this week include a family office with over 100 closed acquisitions and two unique private investment firms. On the sell-side we’ll introduce you to a 36 year old investment bank and a middle market M&A advisory firm.

Click here to follow Axial on LinkedIn and stay up to date on the latest trends in the world of Lower Middle Market deal making.


Axial

Featured Members

HIG Capital

Lang Partners
Family Office

Lang Partners is a real estate development firm and family office investor that focuses on long-term value creation across a portfolio that spans diverse industry sectors and asset classes. Investments range from real estate, public equity, and leveraged buyouts to acquisitions, fixed income, and other special situations. The firm has over 100 closed acquisitions.

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Kainos Capital

Goldmark Advisers, Inc.
Investment Bank

Goldmark Advisors is an investment banking firm providing conventional, specialty, and dedicated financial services to a broad client base of both private and public growth companies. The management team is well seasoned in the fundamentals of Investment Banking, Private Equity Funding, Specialty Financing, in addition to owning, operating, and managing public and private businesses. Goldmark has closed over 150 transactions across 8 different industries during their 36 years in business.

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Winsupply

Credo Private Capital
Independent Sponsor

Credo Private Capital was formed to provide small business owners and management teams access to an investment partner that does not have the constraints associated with traditional private equity. Over the last 15 years, Credo has been involved in transactions comprising of $300M + of vested capital.

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FTI Consulting

Eagle Partners
M&A Advisory Firm

Eagle Partners LLC is a San Francisco mergers, acquisitions and corporate finance advisory firm. With over 70 years of collective experience, the firm focuses on providing high quality advisory services to clients seeking to complete middle market transactions.​​​

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FTI Consulting

Rourke & Gunner Group
Holding Company

Rourke & Gunner Group is a private investment firm focused on small to medium sized acquisitions and partnering with exceptional companies seeking the next stage of growth. Post acquisition, the firm works closely with portfolio companies to drive measurable value for all stakeholders.

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Not an Axial Member yet?

This week from
Middle Market Review

Introducing the Masters in Small Business M&A Podcast
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Growth Spurt: Pennsylvania Company Hits The Acquisition Trail
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Healthcare M&A Update: The Challenges of Returning to Normal [Virtual Roundtable]
Read More

Dealmakers: Independent Sponsor Seeks to Acquire Companies of Aging Entrepreneurs
Read More

 

Industry Trends

Resilience and Opportunity in Private Credit

IBBA

Source: Institutional Investor

Get in Touch

Reach out to dani.forman@axial.net to learn more

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