Private credit’s big moment is still to come

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By Owen Sanderson
18 Nov 2020

When the Covid-19 crisis hit in the spring, it looked like a golden opportunity for private credit funds. But the window shut as quickly as it opened, preventing the hungry funds from deploying much of their dry powder. But their moment may have finally arrived.

Desperate companies and vanishing public markets ought to be a recipe for private credit success, and it looked that way for a few moments in March this year.

For the last few years, alternative credit managers have raised ever more cash, seeking to funnel institutional money into corporate lending, ...

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