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All eyes are on Chinese pensions to see if they follow the lead of Korean and Japanese LPs
Private credit looks set to become an ever-more important feature of Asian capital markets over the next decade as banks retreat from corporate lending,
say Huatai International’s Ryan Chung and Isaac Wong.
Private credit has grown dramatically into a $1.4 trillion market since the GFC and is set to expand significantly, say Nuveen CEO Jose Minaya and Churchill Asset Management president and CEO Ken Kencel.
Future growth lies in forging closer links with the financial institutions traditionally regarded as private debt’s biggest rivals, says Paul Burdell, co-founder and CEO of LCM Partners.
The largest firms have key advantages heading into the next decade, says Golub Capital’s David Golub.
The private debt market has changed beyond all recognition over the last decade, especially in Europe, say Ares Management’s Mitchell Goldstein and Blair Jacobson.
Those present at the PDI Europe Summit heard how Europe is catching up with the US when it comes to distressed opportunities.
Plan is part of a bullish recent stance from Ares, including secondaries and Pathfinder.
The fundraising environment is challenging, as investors are attracted to private debt’s return possibilities but have concerns over deployment.
Michael Curtis talks to Private Debt Investor about what the investment management firm can offer the private debt market