Big Cap Direct Lending vs Middle Market DL
When it comes to direct lending besides the deal size, how difference is the due diligence process, overall deal structure, wlb and size of teams? I would assume given that mm companies are riskier DD would be more tedious? Some of the mm DL firms that I started talking also run very lean, is this common or just normal across dl? Any color would be very appreciated especially more background on MM DL
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