Midmarket distressed debt: the neglected middle child

Big firms have piled into large capital structures and banks are pulling out of the middle market, leaving juicy inefficiencies.

By Jason Mudrick

I used to wonder why I would see professional poker players on television playing in poker games with other professionals. As a card player myself, logic told me that the advantage one pro could have over another pro would be so small as to make the exercise futile.

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