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US investment group is a major source of financing for America’s struggling midsized businesses
Business development company sector has faced attacks by activist investors
Pressure to grow can lead to awkward relationships
This corner of the shadow banking market has its own risks and cannot necessarily replace banks
Changes to the law on infrastructure financing have rekindled law firms’ willingness to experiment in setting up deals
CLOs returned post-crisis, but other structures have proliferated
The pitch is also based on growth prospects in lending to middle market companies
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