Nik Singhal, ORIX USA’s Group Head of Direct Lending, recently shared with PE Wire why he believes middle-market direct lending is a durable, multi-trillion-dollar asset class. As rates decline and inflation normalizes, he says 2025 will see corporates poised for more profits and M&A activity. The key to finding the right investment opportunities? Skilled managers with skin in the game. Read the full report for more insights.