The Case for Junior Capital (Part One)

Back in December 2015 the senior debt market was in full swing recovery from the Great Recession. Interest rates were at rock-bottom lows, and senior spreads were near their post-GFC tights. Unitranche financings were growing in popularity and size…

▶︎ Read July 10 2023 newsletter: here

▶︎ Chart of the Week: here (by PitchBook)

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