Taking the Credit — The seduction of great portfolio construction
- Josie Shillito
- +Ryan Hesketh
- + 1 more
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While for the past two years, delegates at conferences have sung the praises of the private credit asset class, this year at the private assets event IPEM in Paris they were more circumspect.
“If you can get 12 or 13% coupons, 40 or 50% LTV with very high-quality documentation, I can see why people look at this space and think it's a fantastic time to invest,” said one conference participant. “But it needs to be the right manager.”