Although the majority of managers went into 2020 anticipating a macroeconomic downturn, no one could have predicted the test that private credit was set to face at the hands of a global pandemic. An asset class that had hardly been tested previously appears to have proved its mettle, with limited partners shifting their strategies incrementally but showing no less appetite for private debt.
Responding to a global pandemic
Whether shifting strategies, transitioning working practices or revisiting investor relations, private debt managers have proved their agility in the face of coronavirus.
