Capital inflows and new entrants to the market have made investing conditions tougher, but Brent Humphries, president at AB Private Credit Investors – the direct lending platform of global asset manager AllianceBernstein – says opportunities can still be found.
How has the market environment for private credit changed in the last 12 months?
This time last year, it felt as if we were in the last stage of the credit cycle. The market was characterised by robust capital inflows along with several new entrants, which led to heightened market competition.
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