Understanding the dynamics of interest rates is crucial for any growth-stage company aiming to optimize its capital structure and unlock liquidity. These rates influence borrowing costs, investment decisions, and overall financial strategy. In this post, we will walk you through the fundamentals of interest rates, their impact on businesses, and practical ways to navigate this complex financial landscape. The Impact of Interest Rates on Business Strategy Interest rates play a

Image sourced from Unsplash This article is Part 2 of last week’s post on how founder-led companies are reshaping their capital options. If you missed Part 1, it introduced the rise of non-sponsor private credit and why more founders are exploring alternatives to banks or equity sales. In this second installment, we turn to the practical side: how founder-led companies actually use private credit, and what the data really says about common misconceptions. This isn’t theoretic

Image source: Unsplash Founder-led businesses in the lower middle market often find themselves in a tight spot. They need capital to grow, support working capital, acquisitions, capital equipment, and even shareholder dynamics (buyouts and liquidity events). However, business owners are often hesitant to give up ownership, or control, and funding options can be limited. Survey data supports the strength of that ownership instinct . In a recent global study of family and foun

Image source: Unsplash As defense and space innovation accelerates across North America, corporate venture capital (CVC) has moved from the sidelines to the center of the investment landscape. What was once viewed as opportunistic balance-sheet investing has evolved into a deliberate strategy for technology access, ecosystem control, and long-term competitive advantage. 1 For aerospace and defense incumbents facing compressed R&D timelines, talent scarcity, and rapidly shifti

Image source: Unsplash As private markets mature, the lines between debt, liquidity, and secondary capital are becoming increasingly blurred. NAV financing sits at this intersection. It helps funds turn illiquid assets into usable cash without requiring immediate asset sales. In a tighter capital environment, fund liquidity is now a strategic concern. Slower distributions and tougher fundraising are forcing managers to use capital more efficiently. NAV financing has evolved i

Image by Unsplash North America has emerged as the epicenter of private capital flow into defense and space technology. What once was a slow trickle of early-stage interest has transformed into robust strategic investment from both traditional venture firms and corporate venture arms tied to major defense and aerospace players. VC Momentum in Defense Tech Venture investment in defense and aerospace startups has climbed from just over $10 billion in 2024 to more than $19 billi

Issue - October 2025 This piece was originally published in our Axis Capital Markets newsletter . To get future issues straight to your inbox, sign up here: axiscapitalmarkets.beehiiv.com 🔷Liquidity by Design: How Secondaries Are impacting Private Credit  Private credit secondaries have shifted from being a niche solution to a core component of the market’s architecture. What was once viewed as opportunistic has become integral to the way private credit capital is recycled,

September 27, 2025 Fundraising is one of the hardest—and most misunderstood—parts of building a company. Founders often assume success...

Entrepreneurship often begins with a spark of inspiration. But the harder question isn’t “Do I have a good idea?”—it’s “How do I know...

September 20, 2025 Starting a company has long been romanticized—visionary founders, big funding rounds, hockey-stick growth. But as any...

Why Debt Matters for VC-Backed Companies Equity has been the growth engine for startups, but debt is increasingly a strategic complement . Importantly, the value of debt depends on a company’s business model : SaaS  companies often use recurring revenue lines or venture debt tied to ARR. Consumer goods  companies benefit from AR/working capital lines. Fintechs  often rely on warehouse or forward-flow facilities. Life sciences and hardware  firms frequently need equipment fina

After years of relative stability in global trade, early April brought a dramatic shift. The Trump administration rolled out the most...

As investors search for alternative assets with staying power, music royalties are quickly gaining traction—and for good reason. They offer a rare combination of recurring income, low correlation to traditional markets, and cultural relevance.  According to SongVest , music royalties are gaining popularity as an alternative investment—and for good reason. They offer a unique mix of steady income, diversification, and cultural value that few other assets can match. Here’s why

This week, we're looking at how the AI boom is reshaping startup valuations and exits.  Google’s $32 billion acquisition of Wiz  isn’t just its biggest deal ever—it’s a signal of the AI boom reshaping startup valuations. Wiz hit $100 million in ARR in just 18 months, only to be outdone by AI coding editor Cursor, which reached the same milestone in just 12 months. The speed at which AI startups are scaling is unprecedented, driving intense investor demand and soaring valuatio

Image by Unsplash At   Axis Group Ventures , we specialize in strategic debt placements across venture growth, the lower middle market,...

A version of this was recently posted on our LinkedIn channels. Manulife Investment Management (Manulife IM) recently announced its...

Some interesting news from PitchBook's 2023 Annual Global Private Markets Fundraising Report.  In 2023, Approximately $1,174.6 billion was raised across all global private capital strategies. The aggregate YoY change was down (20.5%). All strategies were down YoY with the exception of secondaries, though secondaries only accounted for $78.3 billion. Of note, Secondaries had a substantial increase (but from a smaller base). Venture capital, real estate, real assets, and fund o

There’s been an uptick in secondary market activity after a slowdown observed in 2022 and early 2023, Crunchbase  reports. In the last...

As we step into the heart of March, the financial landscape is pulsating with energy and possibilities, particularly within the dynamic...

February 16, 2024 The Latest 2023 Insights: A Recap of Last Year's Alternative Investments We drafted this blog post at the end of 2023,...