direct-lending
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The Atlanta firm quietly building a private-markets operating system for your financial advisor
For years, private markets belonged to endowments and the ultra-wealthy. BIP Capital is betting the next chapter belongs to the advisor down the street - and it built the plumbing to prove it.
The Firm That Bet on Boring and Made $41 Billion
Founded in 1984, Kayne Anderson built a $41 billion alternatives platform by specializing in the unglamorous middle market - oil wells, storage units, and student housing - where cash flow, not hype, does the talking.
The $671 Billion Machine Built on Private Credit
Ares grew from a Los Angeles credit shop into a sprawling private-markets platform by learning to lend where banks pulled back - then carrying that playbook into property, infrastructure, secondaries and insurance.
Audax Group
Audax Group turned the unglamorous work of joining smaller businesses into an institutional playbook. More than 1,500 add-ons later, the Boston firm now spans control equity, private credit and bespoke mid-hold capital.
HealthGrowth Pharmacy Solutions
HealthGrowth Pharmacy Solutions is an Austin, Texas company that gives independent community pharmacies a single ecosystem for capital, purchasing, and advisory support. Through direct lending (HealthGrowth Capital and PharmLine credit lines), a fast-growing group purchasing organization (HGRxGenesis), health-benefit programs (HGRxPreferred), bookkeeping, valuation, and buy/sell services (HealthGrowth Transitions), the firm helps owner-operated pharmacies improve margins, access working capital, and navigate programs like 340B and LTC@Home so they can compete against national chains.