Broadly Syndicated Loans vs Direct Lending: The Battle for Middle Market Share

02 Dec 2026
Women in Private Credit Forum
  • What are the distinct benefits and risks for investors and sponsors? Do LPs view both markets as complimentary tools or supplementary?
  • How are the two financing channels responding to volatility, regulation and sponsor behaviour?
  • How is the upper middle market, large cap DL space evolving with the current volatility?
Speakers
Michelle Handy
Michelle Handy, Senior Managing Director and Chief Investment Officer of Direct Lending - Napier Park Global Capital