For the latest edition of Debtwire’s Middle Market Podcast, New Mountain Capital managing director John Kline discussed his firm’s strategy in the private credit market. Last month, New Mountain announced the close of its New Mountain Guardian III direct lending fund with USD 1.15bn in capital commitments. Kline reviewed how New Mountain plans to invest that money, including preferred sectors, pricing premiums in smaller deals amid the growth of jumbo unitranche loans, as well as the future of the business development company market. CLICK HERE to list to the podcast.