The Case for Junior Capital (Part One)

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THE LEAD|July 20, 2023
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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)

(Any “forward-looking” information may include, among other things, projections, forecasts, estimates of market returns, and proposed or expected portfolio composition Past performance is no guarantee of future results. Investing involves risk; principal loss is possible.)

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