Can the Middle Market Hold Up?
Et Tu, Middle Market?
Consider the numbers: there was a 26% decline in the number of middle-market transactions announced in the first quarter compared with a year earlier, and the dollar volume fell 27%.
Private-equity firms are booming along with more middle-market fund-raising. Advent International just closed on a $10.4 billion private-equity fund created to invest in middle-market deals. But a fund that size would be considered a “megafund” even by giants like Kohlberg Kravis Roberts. Now that’s faith....
