Boutique credit: a quiet champion of the real economy

The disintermediation of bank lending has been a key feature of the financial landscape in the aftermath of the financial crisis, writes LNG Capital founder Louis Gargour.


Encouraged by regulators, banks have retrenched, restricting their lending to only the largest and highest-quality opportunities, leaving smaller companies without access to traditional funding sources. This funding vacuum has quickly been filled by alternative lenders, led by large credit hedge funds, a trend that has been widely reported by the