The development of a private credit secondaries market shows big promise as the asset class becomes more attractive in a higher interest rate environment, according to attendees at the Fund Finance Association’s Global Symposium in Miami Beach last week.
Private credit is “the new hot topic” in the secondaries space, said one panelist at the event, while another, acknowledging that such a market is nascent, said: “We can’t help compare the private credit secondaries market to what the private equity secondaries market was 10 years ago.”
