Private credit managers are increasingly looking beyond traditional direct lending as fundraising slows, investor withdrawals remain elevated and new loan origination declines across parts of the market, according to a report by Bloomberg.
The shift is particularly evident among non-traded business development companies, where fundraising fell to about $2bn in the second quarter, an 82% decline from the $11bn raised during the same period a year earlier, according to Robert A Stanger & Co. T...
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