With borrowers having been put under pressure by rising rates, managers face some tough decisions on whether to sell or stay the course.
'The cash that is sitting in private equity will have to be put to work,' the Thoma Bravo co-founder said in this NEXUS 2025 preview interview. 'Capital needs to be returned to LPs.'
With the interest rate environment once more the talk of the town, private debt will have to adjust to another new reality.
Those expecting values to be correlative to debt ‘are holding out for something that won’t happen’, says the capital markets executive.
No big ‘easing cycle’ expected; keep an eye on upcoming waves of maturities, reports say.
High interest rates have made the cost of capital expensive and have led buyers to view certain assets as worth less than sellers' asking prices.
The Shared National Credit Program has clocked a 38% increase in 'non-pass' loans to $572bn; Marblegate sees opportunity.
Speaking at the PERE Network Europe Forum, the CEO and CIO of the asset management giant said Europe’s debt funding crisis is about to intensify.
KBRA says its assessment portfolio experienced ‘only a slight deterioration’ in interest rate coverage.
A ratings agency and an investment and advisory firm appear to have two contrasting views of one of private credit’s hot topics.