Where Private Credit Fits in a Portfolio For decades, the 60/40 portfolio has been the standard framework for long-term investors. Equities were expected to drive growth, while bonds provided income and stability. That structure has endured because, over long periods, it has worked. What investors have also seen is that the diversification provided by traditional assets has not been consistent…
Staying Disciplined in a Competitive Market – Garrington’s Perspective on “The Battle for the Borrower” A recent piece by Matt Savino, Global Head of Capital Markets at The Carlyle Group, titled “Battle for the Borrower”, explored what the author sees as a growing rivalry between private credit lenders and the broadly syndicated loan (BSL) market. The article argues that as…
Tricolor – When Incentives Overrun Controls The bankruptcy of Tricolor Holdings has drawn global attention to subprime auto finance. Tricolor was a Dallas-based used car dealer and subprime auto lender serving borrowers with limited credit history. It operated at the intersection of retail car sales and consumer lending, a model that can blur incentives when sales and underwriting sit under…
Lender Finance, Revisited: A Portfolio Inside a Portfolio Some subjects are worth returning to. We’ve written about lender finance before, but like any good portfolio, the more you study it, the more it reveals. Lender finance is not just a sector in which we participate. It’s a strategy that continues to exemplify what we look for across our entire book…
Why Smaller Credit Platforms Can Do Big Things A case for precision, alignment, and the value of saying no. It’s easy to equate size with strength. In private credit, AUM headlines are often seen as a proxy for performance. Bigger funds, bigger teams, bigger raises, the story goes that scale is everything. But there’s a different story worth telling. Boutique…
Uniting Experience and Teamwork at Garrington: The Power of Our Investment Committee Meetings At Garrington Private Credit, we believe that good decision-making begins with a team mindset fueled by shared experience and thoughtful dialogue. A Foundation Built on Collective Expertise Our investment committee stands at the center of how we approve transactions and shape our strategy. While alignment on credit…
When Audits Become a Badge of Honour Evidencing Best Practices Having credit policies that spell out underwriting processes, Investment Committee approvals, and portfolio management is essential. But the real test is whether we follow those policies consistently, not just when someone is watching. An accurate measure of integrity is not about compliance under a spotlight; it is about doing things…
Meet Tammy Kemp: Leadership You Can Reach At Garrington Private Credit, we pride ourselves on offering more than capital. We offer partnership. That begins at the top with our President and Chief Credit Officer, Tammy Kemp. In an industry often defined by distant decision-makers and rigid mandates, Tammy brings something different: accessibility, depth, and a hands-on approach that reflects our…
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…
From Fraud Alerts to Forged Steel: A Refreshingly Solid Story In our last blog, we dove into the darker side of lending, fraud. If you missed it, you can catch up here. It’s the bogeyman of the balance sheet, and while vigilance will always be part of our DNA, we thought it was time to swing the pendulum back to…
