VPC - Private Credit Outlook 2024: Navigating Through Credit Opportunities

2024-05-31 05:15:00 ET

Summary

• The retreat of traditional banks, exacerbated by recent regional banking crises, has created ample opportunities in asset-based lending. Small and mid-size companies, unable to secure financing from conventional sources, are turning to alternative capital providers.
• In the upper middle market, heightened competition poses challenges, but also offers strategic opportunities. By partnering with top-tier general partners during periods of limited competition, investors can deploy capital effectively.
• European markets offer favorable conditions for senior secured lending, with wider spreads and tax advantages for non-U.S. investors.

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