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Christopher Faille

In a split-screen moment, defaults are down but speculative defaults are up. Moody’s forecasts spec default rate will peak at 4.7% in early 2024.
The path ahead for 2024 looks murky, but some managers foresee a revival in volume.
The world of blockchain development and innovation continues, regardless of recent blow-ups and courtroom drama.
New study from Percent and Coalition Greenwich sees a doubling in AUM for the asset class to some $2.7trn.
Report offers hopeful view of near future for non-bank sources of credit.
The firm has issued an inaugural BSL CLO and beefed up its liquid credit team.
A personnel puzzle
Executive search firms Jensen Partners and Norgay Partners see a growth in available talent in US credit. But is the talent too abundant for the demand?
The specialty finance outfit, backed by Arena Investors, will have the “flexibility to consider” second-lien and subordinated investments.
Group led by Sixth Street includes KKR and gets an assist from PIMCO and CPP Investments.
The asset class was responsible for adding 1.6m jobs and $137bn in wages and benefits to the US economy in 2022, according to the report.

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