Private equity managers are increasingly turning to payment-in-kind structures to ease pressure on portfolio companies, but a lack of systems capable of modelling their complex impact could create growing operational and transparency risks, a new study by Occorian has found.
Some 86% of private equity fund managers surveyed expect the use of PIK structures within their private credit exposure to increase over the next two years, according to research by the asset services provider.
The survey co...
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