This chapter discusses the increase in yield across the senior loan portfolio by roughly 500 basis points in the past year and a half and highlights specific sectors, such as software and technology, where leverage has gotten out of hand and loans were being made based on underlying value. It anticipates challenging dynamics and a reset in terms of leverage in these areas.
Ken Kencel, CEO at Churchill Asset Management, discusses seeing growth in the world of private credit. Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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