PDI Picks – 3/2/2020

Are there tastier options than vanilla?


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Senior debt is still fundamental to many investors’ private debt portfolios. But, as competition increases, LPs are increasingly hunting for less populated spaces.

While there is little evidence of investors falling out of love with the senior secured private debt market, competition for mid-market direct lending opportunities is such that some limited partners are starting to look outside what is becoming a crowded marketplace.