Capital solutions direct lending L+1000

There’s been a recent rise in “capital solutions” lending. Essentially middle market direct loans for L+1000-1100 to support businesses where a sponsor / direct lender isn’t willing to support the business or the company lacks real funding alternatives (no sponsor, no lenders). By middle market, I mean businesses with less than $100mm in EBITDA.

What I want to ask is, how is this work from an associate perspective? Sounds like very transactional work (horrible hours), plus messy datarooms and financials (for small companies without sponsorship). Does anyone have a view?

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Associate 1 in HF - Other, shame nobody has responded. Maybe one of these topics will help:

More suggestions...

If those topics were completely useless, don't blame me, blame my programmers...

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