Parts of the private credit market are under meaningful stress. This paper sets out how Garrington is positioned — the collateral structures, leverage levels, liquidity profile, and lending discipline that have defined the strategy since inception, and why they matter most in an environment like this one.

Why size can work against discipline in private credit, and how a smaller, deliberately built platform focused on the $1–$30M loan segment can offer selectivity, stronger risk-adjusted returns, and structural resilience that larger managers simply can't replicate.