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
Insight
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…”
Andrew Milgram Apr 21, 2022 ▶ 36:01 Andrew Milgram – Mid-Market Distressed Investing at Marblegate (Manager Meetings EP.29)
Nov 23, 2023 bearish
Prediction Not checkable as stated
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…”
Ted Seides Nov 23, 2023 ▶ 29:33 Ted Seides – Unlocking Investment Wisdom (EP.352)
Sep 23, 2024 bullish
Opinion
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…”
Toby Rodes Sep 23, 2024 ▶ 18:58 Toby Rodes - Unlocking Value in Japan (EP.407)
Jul 17, 2025 neutral
Assertion Not checkable as stated
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…”
Ron Cantowitz Jul 17, 2025 ▶ 12:54 Ron Kantowitz – Direct Lending's Evolution and Invesco's Edge (EP.457)
Nov 24, 2025 neutral
Assertion Partly supported
Kelly: 200,000 Private Companies Generate Between $10 Million and $1 Billion
“They've been operating in the middle market space of private equity, which the middle market's a broad definition of ten million to a billion dollars of revenues, private companies, there's 200,000 of them.”
Mike Kelly Nov 24, 2025 ▶ 33:11 Michael Kelly – Democratizing Access to the Middle Market at Future Standard (EP.473)
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