The recent growth of the private credit market has only accelerated against a backdrop of credit tightening from traditional lenders. Maggie Arvedlund, CEO and managing director of private credit investment firm Turning Rock Partners, explores the ascent of non-sponsor backed private credit lending and opportunities for such lenders in the lower middle market. The “higher-for-longer” interest rate scenario is persisting in the U.S. as monetary policy remains restrictive.
