A private credit vehicle managed by New Mountain Capital is highlighting early gains from a dislocation-driven investment strategy, after purchasing discounted loans in the secondary market and seeing rapid mark-ups in value, according to a report by Bloomberg.
New Mountain Finance Corp, a listed business development company (BDC), told investors that a recently acquired loan bought at approximately 65 cents on the dollar has already appreciated by around 10 points within weeks. The firm has bee...
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