Videos

Smaller Borrowers Bring Higher Pricing and Bigger Volumes

Smaller Borrowers Bring Higher Pricing and Bigger Volumes

Michelle Handy, chief investment officer of Direct Lending, explains how a portfolio of smaller borrowers impacts how the Direct Lending team structures loans and why the team only lends to lower middle market companies that are owned by private equity sponsors. She also discussed how the team is identifying opportunities in the lower middle market, where deal flow has returned to somewhat normalized volumes.