What Anchor Capital Buys in Private Credit
A large capital commitment can change the trajectory of a private-credit platform—but the check alone is rarely the full story.
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Insights on commercial capital
Market notes and practical guidance on commercial lending, private credit, working capital, and getting deals funded, from James Fillmore II.
Financing AI Investment Without Draining Working Capital
An AI project can require cash well before it produces measurable savings or additional sales. Software subscriptions, data preparation, equipment, implementation and…
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Hidden Business Debt and Your Financing Obligations Map
Before applying for business financing, put every material payment commitment in one place. Include loans, leases, overdue supplier balances, receivables arrangements…
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Maryland MSBDFA: Credit Enhancement for Business Financing
A lender decline raises an important question: is the underlying business unable to support the financing, or does the proposed structure need to change? Sometimes the…
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How to Finance the Grant Reimbursement Gap
A grant can improve a project's economics without providing the cash required to build it. Before committing to equipment or construction, business owners need a…
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When Your Vendor Becomes Your Lender
Vendor financing can solve two problems at once: a business obtains the equipment or capacity it needs, and the supplier helps fund the purchase. When the asset is…
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The Best Time to Secure Credit Is Before You Need the Cash
Most businesses pursue financing when the cash need becomes visible. Payroll is approaching. A supplier requires a deposit. Construction costs exceed the budget. A…
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Why Does New Product Launch Matter to Your Customers This Season?
Launching a new product isn’t just about innovation—it’s about execution. With over 70% of launches missing their initial targets, the difference between success and…
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A Lower Oil Price Does Not Mean the Supply Chain Is Safe
Oil prices fell sharply on August 25, but the global energy system did not suddenly become secure.
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Dilution Is a Cost—But So Is Fragile Debt: Lessons from Alibaba
Debt preserves ownership but creates scheduled payments, covenants and a maturity. Equity provides patient capital but dilutes existing owners and may introduce new…
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Inflation Is Cooling—but Commercial Capital Is Not Cheap Yet
Commercial borrowers should welcome the improvement without mistaking it for an immediate reduction in financing costs.
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Asset Sales Can Be Smarter Than More Debt—How to Unlock Capital
On August 11, South Korea’s Lotte Group agreed to sell its controlling interest in the country’s largest car-rental company to private-equity firm TPG for approximately…
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Two Markets, One $497 Billion Private Credit Opportunity
Private credit’s expansion is no longer a regional trend. It is becoming a global competition for capital, borrowers, and risk-adjusted yield.
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AI Data Centers Are Becoming Infrastructure Deals
The AI data-center boom is creating one of the largest capital-formation opportunities in modern commercial real estate.
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Tariffs Are Becoming a Permanent Working-Capital Cost
The latest U.S. duties impose tariffs of 10% or 12.5% on goods from 60 trading partners covering 99.4% of American imports. Additional investigations involving excess…
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Insurers Are Becoming Private Credit’s Next Growth Engine
Private credit’s next major source of growth may not come from wealthy individual investors.
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Stagflation Risk Is Back—Why Businesses May Finance the Squeeze
Executives are confronting a difficult combination: energy and import costs are rising, borrowing benchmarks are climbing, and economic growth appears increasingly…
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Private Markets Are Opening to Wealthy Investors
Private markets are no longer being built exclusively for pension funds, endowments, and major institutions.
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Commercial Lending Is Rebounding—but Capital Is Choosing Sides
Commercial and multifamily mortgage originations increased 52% year over year during the first quarter of 2026, according to the Mortgage Bankers Association.
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Waiting for Rate Cuts Is No Longer a Business Financing Strategy
For months, many business owners and commercial real estate investors have operated under the same assumption:
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Oil Above $90 Changes the Capital Equation for U.S. Businesses
It can raise transportation expenses, squeeze operating margins, unsettle bond markets and increase the cost of capital—all before the higher costs are fully visible in…
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Value Is Not Liquidity: What Executives Measure in Today's Market
Regional banks are expanding commercial lending again. At the same time, investors seeking early exits from certain non-traded private-credit funds are reportedly…
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Capital Is Available, The Standard for Getting Funded Is Rising
Private credit funds are raising billions. Family offices are looking for opportunities. Commercial lenders are still financing strong properties and businesses.…
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