Fund managers are celebrating their good fortune when it comes to new transactions, while also fearing what might lie ahead for their existing portfolios.
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.
Fasten your seat belts: it could be a bumpy ride, as high interest rates meet the need to deploy dry powder.
Historical trading activity and higher-than-average investor allocations have brewed a 'perfect storm' in the country's real estate market.
The US-based manager said recapitalisations can help borrowers bridge funding gaps and hold on to good assets until the market turns.
At our gathering of private debt professionals from the US and elsewhere, participants had a sense of resilience and opportunity – while also acknowledging that tough times may lie ahead.
KKR global real estate head Ralph Rosenberg expects capital constraints to also cause pain for owners outside of the office sector.
The purchase of prime auto loans is part of the asset manager’s broader push into ABF, KKR’s Pietrzak says.
A second survey has backed up an existing one in identifying a declining private debt default rate. The omens for portfolio company performance are promising.
US bank lenders will face stricter capital requirements with proposed regulatory changes.