NXT Capital’s Q&A with Private Debt Investor: Bigger Is Not Always Better

Our Insights
Written By Suzanne Finnegan

Private credit has soared, but with the syndicated market reviving and an uncertain market environment, what's next for direct lending? 

In this Q&A with Private Debt Investor Ted Denniston and Joe Lazewski, Co-Heads of NXT Capital, discuss why the lower mid-market may offer distinct advantages in all kinds of macroeconomic weather: 

  • Lower Mid-Market Stability: Companies with less than $35M EBITDA are thriving, with higher volumes of deal flow

  • Discipline Amid Erosion: While upper mid-market trends erode, the lower mid-market remains disciplined with strong financial covenants 

  • Strong Sponsor Support: Experienced sponsors who support their companies through market cycles

Suzanne Finnegan
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