middle market
also referred to as: middle markets
5 statements across 5 episodes · 2 bullish · 1 bearish · 5 people on the record · first statement Apr 21, 2022 by Andrew Milgram · across every show →
Everything said about middle market, oldest first
Apr 21, 2022 positive
Milgram: Middle-Market Distressed Credit Avoids Multi-Deal Mega-Fund Conflicts
“Honestly, it's why we like to be in the middle market because there's way, way, way less of that in the middle market. We are oftentimes the only secondary buyer in a credit we're working on. We're certainly the early Identifier and early adopter of that credi…”
Nov 23, 2023 bearish
Seides: The US economy cannot sustain private debt loans at 15%
“Fresh money opportunities in private debt are really interesting, because rates have gone up, and there's a dearth of capital, particularly in the middle market. The problem with that is that the economy can't sustain itself on loans at 15%. It just won't work…”
Sep 23, 2024 bullish
Japan's Middle Market Is the Largest Pool of Cheap, High-Quality Businesses
“Well, I submit to you today that that biggest pool of high quality businesses on low multiples, great entry points, exists in Japan in the middle markets. It's basically a US private equity playbook that exists for weird quirks of how the Japanese financial sy…”
Jul 17, 2025 neutral
AUM growth forced former middle-market direct lenders to migrate upmarket
“If you look at the entities that were dominant in the middle market 10, 15 years ago, They don't play in the middle market anymore. As their AUM, their capital base has grown, deployment pressures become so significant that they've had to find more efficient w…”
Nov 24, 2025 neutral