Market Insights
A Lender’s Lens on the Independent Sponsor Market
July 15, 2025 – By Javier Casillas, Global Chief Credit Officer, and Sam Goldworm, Managing Director and Head of Debt Capital Markets, WhiteHorse Capital Once peripheral, the independent sponsor model is now central to lower middle market private equity. Independent sponsors—investors …
The Middle Market’s Supply-Demand Imbalance
The third quarter will continue to be slow for M&A activity, but deal makers should not be too pessimistic, says WhiteHorse Capital Executive Managing Director and CEO Stuart Aronson.
Podcast: Taking the Temperature of Healthcare Lending
May 19, 2025 – The private credit sector, particularly direct lending to healthcare businesses, is navigating a complex environment shaped by economic volatility and regulatory uncertainty. In a recent episode of the Middle Market Growth Conversations podcast, hosted by the Association for Corporate Growth …
Podcast: WhiteHorse Capital 2025 Lending Outlook
February 6, 2025 – It was an extremely challenging year for direct lending in 2024, as depressed transaction activity and ample credit availability created pricing pressure and a gradual relaxation of underwriting standards. In 2025, lending activity is anticipated to …
Podcast: What’s Drawing Private Credit to the TMT Sector
October 4, 2024 – The outlook for the technology, media and telecom (TMT) sector is bright—and, the experts at WhiteHorse Capital say, full of opportunity for investors. Mark Bernier, WhiteHorse Capital’s managing director, and Peter Gallagher, principal, join the podcast to share their …
Podcast: Navigating the Competitive Private Credit Market
May 7, 2024 – Private credit has been on a rocket ride since the great financial crisis, and the direct lending space has recently become white hot with new entrants joining legacy firms. WhiteHorse Capital’s Chief Credit Officer Javier Casillas …
Podcast: Consulting the Crystal Ball with WhiteHorse Capital
February 14, 2024 – WhiteHorse Capital’s Stuart Aronson and Pankaj Gupta recently shared their predictions and insights on inflation, underwriting standards, and portfolio dynamics on ACG’s MiddleMarket Growth Conversations podcast. After the ups and downs of 2023, the M&A market …