Practitioner perspective on private credit and mid-market debt.

Westminster has spent two years trying to move British pension savings into British private markets. The legislation is now in place, the pledges are signed and the Chancellor is taking credit for the first £10 billion. But capital follows the path of least resistance, not the path set out in a speech. For the owner or finance director of a UK mid-market business, the question isn’t whether the pension money is coming. It’s whether any of it will ever reach a company your size, and on what terms.