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Kirsten Bischoff, Opalesque New York: As we enter what the BIS has determined is the sixth stage or, “the crest” of the credit crisis it remains unclear “whether liquidity supply and risk appetite [have] recovered sufficiently to help maintain this improved credit market environment on a sustained basis.” ABL funds have come to provide some of the few options for companies looking to raise capital for growth, or to survive temporary profit downturns. Opalesque recently spoke to Josh Zegen at Madison Realty Capital and Dennis Pollack, Senior Managing Director at Laurus-Valens about the ABL space and the changes they have seen over the past few months as bank credit options have dried up and the opportunity set for ABL funds has grown immensely. See Part One here.

In fact, during the past year hedge funds have become so integral to the capital raising needs of corporations that businesses such as Business Capital, a San Francisco based provider of commercial turnaround services, announced this month the opening of an office in Westport Connecticut. Business Capital’s managing director noted specifically the strategic importance of being in close proximity to a major hedge fund base, “Hedge funds are looking to fund deals that banks tend to stay away from. We’re getting money fr......................

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