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And right now, Blackmoon's lending marketplace is operating in 9 countries and exceeds $100M in deals volume, while reaching $13M in monthly volumes.
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That makes it ranked No. 24 among investment banks by deal volume so far this year.
"Deal volume has fallen off a cliff," said Paul Bard, head of research for Renaissance.
By way of comparison, monthly middle-market deal volume averaged $33.1 billion over the last 12 months.
By deal value, it should be noted that deal volume in the United States is up 29 percent.
Deal volume dropped 3.7 percent this year from 2011, to $2.36 trillion, according to Thomson Reuters data.
Divestitures and spinoffs accounted for almost half of last year's $2.6 trillion of deal volume.
Last year, deal volume in the sector jumped more than 26.9 percent, to $190.6 billion, according to Thomson Reuters.
But Goldman advised the most transactions, with a deal volume of $106 billion.
Announced worldwide deal volume has plunged 35 percent from the previous year, according to Thomson Reuters.
For example, deal volume in 1991 was down 41 percent from its peak in 1989, according to Thomson Reuters data.
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