CastleGuard Partners Wants To Revive Middle Market Lending
Given the massive layoffs, default spike and deal-making dearth, the term "distressed" doesn't begin to describe middle-market lending. At this point it's more like "freefall." No one's experienced that firsthand like Ian Fowler and Chad Blakeman of CastleGuard Partners, a new debt provider based in Chicago. The pair previously co-founded Freeport Financial five years ago with backing from hedge fund Start Investments. After spending months out of the market in 2008, in February Freeport laid off all but around four of its employees, who stayed on board to manage existing investments.
10 July 2009•5 mins read
