Core Viewpoint - Middle-market lending has transitioned from traditional bank balance sheets to specialized investment vehicles, presenting opportunities for income investors who are willing to accept credit risk and volatility [1] Group 1 - The shift in middle-market lending indicates a significant change in the financial landscape, moving away from conventional banking methods [1] - Specialized investment vehicles are now taking a more prominent role in providing capital to middle-market companies [1] - This transition creates potential investment opportunities for those looking to generate income despite the associated risks [1]