Star Mountain Capital Founder & CEO Brett Hickey Sits Down with Former Chief Investment Officer of the Employees Retirement System of Texas to Discuss How the Lower Middle-Market can be a Good Complement to a Portfolio
READ MOREDirect Lenders Stay in Vogue
Star Mountain Capital‘s Founder & CEO, Brett Hickey, was recently featured in a Bloomberg.com post written by Kelsey Butler “Direct Lenders Stay In Vogue as Fundraising Tops $23 Billion“.
“Fierce competition among lenders has reduced yields and eroded investor protections in deals. Yet supporters of private debt are still willing to put money to work amid expectations it will withstand a downturn better than some other asset classes such as junk bonds because the loans are typically first in line for repayment if a company runs into trouble.
The appetite for direct lending continues to be strong,” said Brett Hickey. Particularly as investors worry more about the future economy, they like putting money into the safer part of the capital structure.”
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