Bill Sacher

Bill Sacher, a Partner and the head of private credit at Adams Street, delves into the fascinating world of private credit investing focused on the core middle market. He discusses the appeal of smaller companies with sub-$50 million EBITDA, where covenant structures remain robust. As larger managers compete for deals, Sacher highlights the optimism around recovering deal flow despite challenges like inflation and geopolitical risks. The conversation also touches on the pressures of pricing in this dynamic landscape and the resurgence of fundraising efforts amidst evolving investor demands.