Today's Animal Spears talk your book is brought to you by Sion Investments.

Go to Sioninvestments.com, that's C-I-O-N, to learn more about their

diverse white credit fund and their publicly listed BDC that focuses on

senior secret debt, that's sioninvestments.com.

Welcome to Animal Spirits, a show about markets, life, and investing.

Join Michael Batnik and Ben Carlson as they talk about what they're reading,

writing, and watching.

Michael Batnik and Ben Carlson work for Ritholds Wealth Management.

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions

and do not reflect the opinion of Ritholds Wealth Management. This podcast is for informational

purposes only and should not be relied upon for investment decisions. Clients of Ritholds Wealth

Management may maintain positions in the securities discussed in this podcast.

Welcome to Animal Spirits with Michael and Ben. Michael, we've talked to a handful of companies now

that effectively are lenders and they're doing things that the banks either don't want to do

or just don't do anymore because of financial regulations. So we talked to a company like

Ground Floor who's doing loans to real estate companies that are building homes. And today

we talked to Sion Investments and one of the things that they do is they do middle-market

companies, which you ask the question, what is middle-market? I honestly don't know if I would

have been able to answer that. I guess it's mid-sized businesses.

The way that I thought about these companies, these are not small businesses. However,

they don't have access to public markets. They're not able to go to Morgan Stanley as an

underwriter. And so they need companies like Sion Investments and the other sort of big players

...