Direct Lending Fundraising Comes out of the 'Shadows' As Private Debt Booms

The video discusses the competition between banks and alternative asset managers in corporate lending. It highlights the strategies of alternative asset managers, emphasizing the importance of being an operating business and solving borrowers' problems. The influx of capital has led to looser lending terms, with potential risks such as lack of covenant protections. Despite these challenges, middle market companies are performing well, with significant earnings growth compared to larger companies. Factors contributing to this include limited exposure to international markets and conservative earnings estimates.

In what ways have middle market companies performed compared to larger CAP stocks?

What factors contribute to the strong performance of middle market companies in the US economy?