Institutional Investor: Delivering Differentiation in Direct Lending Amid Evolving Markets
As LPs seek to capitalize on the growth of private credit and direct lending, how can they differentiate between the asset gatherers and the true credit investors?
Crescent’s Chris Wright and Christopher Wang had a recent discussion with Institutional Investor where they detailed:
- The importance of being able to provide flexible capital
- Why the middle market is the current sweet spot for investors
- How Crescent’s 30-year, cycle-tested approach to protecting capital is informing its view of the role of covenants in today’s market
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