Octus Radio Michelle Handy of First Eagle Discusses Middle Market Direct Lending Trends
Apr 22, 2024
Michelle Handy, Senior managing director and chief investment officer at First Eagle, discusses direct lending in the middle market, deal terms in private credit, and expectations for increased deal volume and a rate cut. Topics include shifts in M&A volume, impact of interest rate increases on enterprise value multiples, distinctions between cash flow financing and asset-based lending, and dialogue between private equity firms and LPs in the current environment.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 3min
Exploring Factors Affecting Enterprise Value Multiples and Deal Structures
03:04 • 2min
Cash Flow Financing vs. Asset-Based Lending in Middle Market
05:11 • 5min
Evolution of Dialogue Between Private Equity Firms and LPs in Current Environment
09:58 • 2min
Financial Transactions and Legal Proceedings Update
11:51 • 10min