This chapter explores the dynamics of private credit, emphasizing the role of junior debt tranches and the capital available in the market. It discusses the strategic approaches of major funds in the context of increasing leverage risks amid rising interest rates.
Private credit funds are venturing back to their roots, embracing a strategy that blends the old with the new as hybrid deals are back in vogue.
But is this a nostalgic trip down memory lane, or a calculated move with long-term implications?
In this episode of Cloud 9fin, leveraged finance reporter Ryan Daniel and senior private credit reporter Synne Johnsson discuss this trend, the driving forces behind this shift and ponder the future of private credit in this evolving market.