Robin Blumenthal
The fourth vintage lower mid-market fund, the manager’s largest ever, raised more than $5.5bn of equity.
As private credit comes under pressure, investors worry that valuations are not showing the warning signs – we examine the validity of these concerns.
Expectations that interest rates will see further cuts this year fade as war in the Middle East continues to weigh on markets.
Market conditions are creating fear and loathing for some, but opportunity for others.
Marsh’s investment manager outpaces the target for its eighth vintage.
The firm’s chief operating officer told a Moody’s conference, however, that ‘if you need the money to live on, it’s not appropriate’.
The manager outlines six key metrics to replace simple reassurance, saying they will stem the tide of investor redemptions.
The strategy’s fifth vintage, its largest, raises more than $10bn of investable capital.
By now there is widespread acknowledgement that something is awry in private credit, both with redemptions in semi-liquid funds and valuations.
We’ve seen this movie before, but that was before private credit became a household term.