As banks nationwide struggle to process troubled assets off their books, middle market companies have not been able to get the loans they need to grow. Private money is stepping in to fill that gap – and providing yields that planners are seeking for their HNW clients.

“We’ve gotten very good at this,” says Kim Ip, a partner at Luminous Capital in Los Angeles. “This new direct lending fund will produce a 10% yield paid out quarterly. Then there is also the potential for capital appreciation.”

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