The Shared National Credit Program has clocked a 38% increase in 'non-pass' loans to $572bn; Marblegate sees opportunity.
Speaking at the PERE Network Europe Forum, the CEO and CIO of the asset management giant said Europe’s debt funding crisis is about to intensify.
KBRA says its assessment portfolio experienced ‘only a slight deterioration’ in interest rate coverage.
A ratings agency and an investment and advisory firm appear to have two contrasting views of one of private credit’s hot topics.
Expectations of 2024 rate cuts are already factored into base lending rates, according to market watchers.
Technology companies continue to outperform, with year-on-year growth of 37 percent, but the index shows strong numbers across all sectors.
A new white paper also finds opportunities in the troubled waters, but only for ‘transformational capital’.
Regulatory pressure is curtailing banks’ willingness to lend and playing into the hands of non-banks, says Charlie Perer of SG Credit Partners.
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.
Private credit has grown significantly since the last market crisis. There are those who think it now poses a wider threat to financial stability.