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In today’s issuer friendly market, covenant-lite structures prevalent in the broadly syndicated and upper middle markets have been making their way into the traditional and lower middle markets, posing an interesting situation for the direct lending space.
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Ernberg and Hall each bring close to 20 years of industry experience in syndicated and private credit.
Prior to joining Capital Dynamics, they worked together for 10 years at Credit Suisse, where they started the middle market direct lending business.