Cloud 9fin
Right placement, right time, with Jess Larsen, Briarcliffe Partners
Sep 28, 2023
Jess Larsen, founder of Briarcliffe Partners, discusses the surge in investor interest in private credit. Topics covered include the easing denominator effect, underperformance of private equity, challenges in asset-based lending, competition and differentiation in direct lending, adapting to the growing market, and the role of high net worth individuals and retail investors.
30:48
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Quick takeaways
- Placement agents play an important role in connecting private credit funds with institutional investors, helping them discover lesser-known funds deserving of capital.
- Private credit is experiencing significant growth due to its strong performance in the low interest rate environment and offers a wide range of strategies for attractive returns throughout different economic cycles.
Deep dives
The Role of Placement Agents in Private Credit
Placement agents in private credit act as intermediaries between private credit funds and institutional investors. They identify and select potential private credit funds that need to raise capital and help them raise funds from institutional investors. The role of placement agents is important in a growing market with numerous private credit funds, as they help investors discover lesser-known funds that are deserving of institutional capital.
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