The Current State of Fundraising in the Private Credit Space

7min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

In this chapter, they discuss the current state of fundraising in the private credit space. They mention that the market has become more challenging, but compared to their private equity counterparts, they are relatively fine. They also mention the denominator effect and how it has been eased due to the strong performance of public markets in the US. The chapter ends with a mention of the potential changes in the second half of the year.

Jess Larsen is in the right place at precisely the right time: after a tough period last year, investor interest in private credit is exploding once again, and his placement agency Briarcliffe Partners is perfectly positioned to benefit from this surge in popularity.

The denominator effect is easing, and LPs are once again finding room for private credit. The asset class gives investors an attractive way to benefit from higher interest rates, but its popularity is also to do with the underperformance of private equity and a proliferation of new strategies.

For this episode of the podcast, we invited Jess to the studio to talk about a rollercoaster year for private credit — and to celebrate the official launch of 9fin's new Private Credit product!