Hedge funds want in on private credit — but are they ready for it?
- Shubham Saharan
- +Peter Benson
- + 1 more
Private credit is the hot thing on Wall Street today, and everyone wants a piece.
Last year, the headlines were all about private credit firms partnering with banks. This year, it’s about hedge funds increasingly vying to get access to the burgeoning asset class.
In the last few months alone, 9fin reported that Third Point is looking to raise its first direct lending fund, Viking Global has founded a private credit team, and Millennium Management is also exploring building out its own private credit arm.