Private credit funds have sharply increased loan write-downs as borrower stress builds across the $3.5tn asset class, according to new data from MSCI, highlighting growing pressure in a market long buoyed by strong investor demand, according to a report by Reuters.
MSCI found that more than 10% of loans tracked in its dataset have been marked down by at least 50%, a level it described as typically associated with deep financial distress or potential restructuring. The findings point to the impac...
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