All Insights

We explore why public markets are a poor mirror for the strong middle market, and how investors can use alternatives to gain access.

Lenders requiring more equity and less leverage, suggesting healthy private credit lending standards.

Traditional diversifiers are offering little to no reliable downside protection. Low-correlated alternative investments may provide a solution.

Why the U.S. middle market continues to offer private equity investors a more attractive opportunity set versus the large and mega cap market

Middle market private equity sponsors have historically provided outsized value compared to their large cap peers.

This week’s chart looks at return drivers for middle market buyout transactions, which have generated higher realized capital multiples than large cap and may favor middle market managers looking forward.

Amid private debt’s massive growth, this week’s chart looks at the healthy yield premium of private credit transactions compared to public markets.

Private debt has grown from niche asset class to a heavyweight due to multiple structural shifts in capital markets—and its growth has shifted the opportunity set for both investors and borrowers.

This week’s chart looks at private equity secondaries’ outperformance versus the broader PE market, focusing on what has driven the outperformance.

This week’s chart looks at a shifting opportunity set as the private middle market shines while small cap company earnings remain challenged.

The private U.S. middle market may serve as a diversified source of growth within investors’ portfolios.

This week’s chart looks at family office CIOs’ plans to increase allocation to alts in 2024, specifically private credit and private equity.