Private Credit and ABL Partnerships Meet Middle-Market Challenges

Arif Bhalwani of Third Eye Capital comments that today’s high-rate environment has exposed the structural fragility of many balance sheets, creating one of the most attractive markets for private credit in two decades, and explains how private credit can complement ABL by funding turnarounds, ownership changes, and cash burn, stressing the need for lenders to “think like owners” and focus on collateral durability, reporting, and intercreditor protections.

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