This chapter explores the challenges posed by high interest rates and increased banking regulations on cash flow projection and lending practices. It also highlights the dynamic lending approach of non-bank providers in accommodating different economic situations.
Morgan Dean, a portfolio manager on Sound Point Capital Management’s Capital Solutions team, discusses areas of opportunity within asset-backed lending, and dry powder in the market vs. deal quality in private credit with Reorg’s James Holloway. Sound Point is a credit-focused asset manager, and pro forma for the recently announced acquisition from Assured Guaranty, will have $47 billion in assets under management.
#privatecredit #directlending #highyield #leveragedloans #leveragedfinance