The Garrington Edge – Volume 26: Managers Who Trade Diligence for Deployment

The Garrington Edge – Volume 26: Managers Who Trade Diligence for Deployment

Built for This Market. Built to Last.   Reflections on discipline, durability, and the realities of private credit. This week’s blog is inspired by a recent commentary from Michael Gatto of Silver Point, who issued a sharp but fair warning to the private credit world: “When the cycle turns, it’s game over for managers who traded diligence for deployment.” It…

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The Garrington Edge – Volume 23: Lending Series | Specialty Finance – Introduction to Specialty Finance

The Garrington Edge – Volume 23: Lending Series | Specialty Finance –  Introduction to Specialty Finance

Lending Series | Part 6: Specialty Finance – Lending Beyond the Labels And just like that, we’ve reached the final chapter of our Lending Series. If you’ve been following along since our first entry on invoice factoring (complete with cash flow analogies and collateral talk), thank you if you’re joining us now — welcome to the least defined by design,…

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The Garrington Edge – Volume 22: Lending Series | Lender Finance Part 2: Real-World Lender Finance in Action

The Garrington Edge – Volume 22: Lending Series | Lender Finance Part 2: Real-World Lender Finance in Action

Lending Series | Part 5: Real-World Lender Finance in Action Last week, we shared an overview of Lender Finance — a lending vertical where we provide senior revolving lines of credit secured by the loan portfolios of finance companies. This week, we’re continuing the conversation by bringing it to life. We often say that experience is everything in this space.…

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The Garrington Edge – Volume 21: Lending Series | Lender Finance Part 1: Introducation to Lender Finance

The Garrington Edge – Volume 21: Lending Series | Lender Finance Part 1: Introducation to Lender Finance

Lending Series | Part 4: Lender Finance After a brief pause from our lending vertical series, we’re back — and this week, we’re diving into one of the more technical but quietly powerful components of our strategy: Lender Finance. Lender Finance doesn’t always get the spotlight, but it’s foundational for us. It’s where structured credit meets real-world lending platforms—and where…

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The Garrington Edge – Volume 20: Why Transparency Builds Trust — Insights From Our Q1 Investor Call

The Garrington Edge – Volume 20: Why Transparency Builds Trust — Insights From Our Q1 Investor Call

Why Transparency Builds Trust — Insights from Our Q1 Investor Call Last week, we hosted our Q1 investor call, and we were encouraged by the turnout. Attendance was strong, the questions were sharp, and the engagement reinforced our belief that informed investors make the best partners. These quarterly calls aren’t marketing presentations. They’re open forums where we share portfolio updates,…

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The Garrington Edge – Volume 19: Lending Series | ABL Part 4: How to Spot a Strong ABL Transaction (and Why It Matters to Investors)

The Garrington Edge – Volume 19: Lending Series | ABL Part 4: How to Spot a Strong ABL Transaction (and Why It Matters to Investors)

How to Spot a Strong ABL Transaction (and Why It Matters to Investors) “Since 1999, we’ve reviewed thousands of lending opportunities—and passed on many. The reason? Discipline.” Not all collateral is created equal in asset-based lending, especially revolving lines of credit. While prospects (and their advisors) are often eager to rush into term sheets, seasoned lenders know that what looks…

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The Garrington Edge – Volume 18: When Collateral Has Fine Print: What Contracts Really Tell Us

The Garrington Edge – Volume 18: When Collateral Has Fine Print: What Contracts Really Tell Us

When Collateral Has Fine Print: What Contracts Really Tell Us “A contractual right to bill is not the same as a contractual obligation to pay.” – A great Greek credit philosopher (or perhaps just a seasoned lender we respect) In private credit, that quote captures a truth we’ve lived with since our earliest days in the industry. With roots going…

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