"People were incredibly positive about how strong the middle market has been over the last year or two," reflects Henry Nassau, a partner in law firm Dechert LLP's corporate and securities group. Nassau moderated a panel discussion at the 18th annual Wharton Private Equity and Venture Capital Conference on strategies to differentiate in a crowded middle market. He discusses exits, megafunds, the boost in available credit and where midmarket private equity firms are looking to invest. For more Wharton interviews, watch "Morgan Creek's Yusko: PE fundraising 'hard' right now," "Graham Partners' Morin on what LPs want" and "Apollo's Sam Oh on evolving GP-LP relationship." - Sarah Hashim-Waris