Our co-Managing Partner Stephen Edwards talked to PDI’s Andy Thomson for his article on the rise of private debt for ICAEW Corporate Financier Magazine.
Private debt is an asset class that’s risen meteorically – and looks set to grow further. But tough economic conditions and a flexible approach to covenants mean there may be challenges, too. With major flux in banking and lending markets, Andy Thomson looks at who will provide debt for mid-market deals.
Soho Square Capital’s Stephen Edwards:
“Private debt funds have deployed capital pretty effectively, the banks can’t answer the needs that all companies have and there is very strong demand among the LP community for the private debt product….
“We have seen an increase in activity levels and demand for our structured solutions at Soho Square, albeit confidence may keep M&A market activity in the first half of 2023 for traditional funders more subdued than it was in the more exuberant 2022.”
To read the full article, please click here.