We mentioned last week the #SuperReturn North America Virtual conference, where we heard participants on the pandemic’s impact on private credit terms, structures and portfolio performance.
But what about new business? A lot depends on managers’ strategies. Institutional investors had expected a downturn for a while.
Significant capital was raised to take advantage of fall-out from the recession when it came. Declining valuations and operating performance would cause mainline lenders to retreat from financings. Opportunistic funds would then step in....
#PrivateCredit
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