Liquidity, Designed on Purpose Ask anyone paying attention to private credit headlines over the past six months what the biggest concern has been, and liquidity mismatch comes up fast. On a recent webinar introducing Garrington Private Credit to the US market, our Executive Vice President and Chief Risk Officer, Erica Axani, was asked directly about it. The mismatch behind…
When a Borrower Hits Distress: What a Disciplined Workout Actually Looks Like Every lender eventually has a borrower run into trouble. What separates a well-run credit book from a troubled one isn’t whether distress happens. It’s what the lender built in advance to handle it. On a recent webinar introducing Garrington Private Credit to the US market, our…
Discipline You Can Count: The Numbers Behind Our Underwriting It’s one thing to say a lending platform is disciplined. It’s another to show what that discipline actually looks like in the numbers. On a recent webinar introducing Garrington Private Credit to the US market, our President and Chief Credit Officer, Tammy Kemp, and our Executive Vice President and…
Part Three of Three: How a Workout Actually Works In Part One, we talked about the capital stack and why position matters. In Part Two, we talked about collateral, and why not all of it behaves the same way under stress. This is where the theory gets tested. A default is the moment everything we described in…
When bonds stalled, Garrington Private Credit compounded. Last week, we discussed how understanding the source of returns may matter more than the asset class label itself. But correlation and diversification are not theoretical concepts. They are experienced in real time during periods of market stress. For many investors, traditional fixed income has historically played a stabilizing…
The Families Behind the Facilities Disciplined capital for lower middle-market businesses with real assets, real operators, and real stakes. A third-generation, family-owned trucking company serving the Southeast and Midwest. For decades, their trucks have moved goods across short-haul and long-haul routes, quietly supporting regional supply chains. Relationships with shippers built over years. A fleet maintained through economic cycles.…
Revisiting the Boutique Advantage in Private Credit There is growing recognition that “scale” in private credit does not always equate to “strength.” In fact, the structural realities of the underserved North American middle market continue to reinforce why a boutique approach, when executed with discipline, can offer something genuinely different. Given recent conversations with allocators in several regions, this…
Performance Reflects Preparation With the Winter Olympics underway in Milano-Cortina, many of us have been following the events between meetings and calls. It is a global reminder that while performance happens in the spotlight, the foundation for that performance is built long before. What we see on race day is the visible outcome. What we do not see are the…
Why Process Is the Hedge That Never Goes Out of Style As we shared during our year-end webinar, 2025 closed with a market full of competing narratives. Headlines moved in every direction. Sentiment shifted weekly. And yet one reality remained constant: Disciplined credit processes continue to win, especially in private markets. Coming into 2026, we haven’t changed our view or…
Meet the Team: Erica Axani Erica Axani is an integral member of the Garrington Private Credit senior leadership team and serves as Executive Vice President and Chief Risk Officer. Her role encompasses firm-wide risk oversight, including underwriting standards, credit governance, and portfolio review. She is also a member of the firm’s Investment Committee and part of the executive team responsible…
