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Many of America's smaller private companies are struggling financially, but you may not have realized. Many large public companies successfully navigated the pandemic and ended up larger and wealthier. Read More

Marblegate sees ongoing operational and financial distress for mid-market > The oversupply of multifamily units is reversing, manager says > DWS’s Henderson sees structural shift toward private credit lenders
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A new white paper from Marblegate Asset Management contends that the US middle market, the huge swath of the economy outside of the public market indexes and beneath the attention of headline numbers that have been fueling optimistic narratives, has entered an era of “acute financial and operating distress” Read More

If you're looking exclusively at public companies to assess the health of U.S. businesses, you're missing a big piece of the puzzle, Axios' Kate Marino writes. Read More