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Ron Kantowitz – Direct Lending’s Evolution and Invesco’s Edge (EP.457)

Capital Allocators – Inside the Institutional Investment Industry

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Navigating Risks in Direct Lending: Key Indicators to Watch

This chapter focuses on identifying risk indicators within the direct lending market, emphasizing rising leverage levels and the lack of covenants. The discussion highlights structural shifts, such as payment-in-kind components, that may signal financial distress in portfolios.

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