Private Credit Insights by Chris Wright and Chris Wang – July 2024

Capitalizing on compelling market conditions and attractive opportunities in private credit

While headlines this year have been dominated by the talk of the revival of banks, the reality is that attractive yields, conservative structures, and thoughtful documentation in private credit continue to stand out and offer compelling opportunities for a proven, cycle-tested manager to capitalize on in this high interest rate environment.

Chris Wright, President & Head of Private Markets, and Chris Wang, Managing Director in Credit Solutions, discuss:

• How private credit continues to be a preferred option in a market environment that is expecting an increase in M&A activity and higher-for-longer interest rates.
• Why the core middle market and lower middle market offer some of the most compelling opportunities in private credit today.
• The value of being an incumbent lender and the rise of portability provisions.
• The importance of selecting managers with experience through market cycles who practice disciplined underwriting, negotiate stringent documentation, and actively monitor their portfolio.

Read the full commentary here