It’s a time of change in private debt. Many investors have reached the limits of their direct lending allocations and are reviewing strategic options; talk of a golden age in 2023 has given way to more prosaic assessments as the liquid markets have re-opened for business; macroeconomic and geopolitical volatility continues to challenge managers and investors alike.
LP confidence grows as tests passed
Investor faith in the asset class has been preserved, even through challenging times.
