Future of private debt: TIAA's ever-expanding universe

Brian Roelke

Private debt as an asset class continues to grow, whether it’s the ever-expanding number of alternative lenders and asset managers, the continued retrenchment of regulated lenders or more limited partners turning to the asset class as they look for higher yields. 

Currently, many smaller investment shops focus on writing specific transaction types, be it by ranking of the debt or a preference for either sponsored or non-sponsored deals.