Moody's Talks - Focus on Finance

Private lenders pile up cash, compete for LBOs, driving up risk

Oct 18, 2023
Private credit lenders compete with banks for leveraged buyouts, increasing risk. Concentration of private credit among a few major asset managers raises concerns. Affiliation of asset managers and insurance companies contributes to an expanding lending loop. Benefits and risks of insurers partnering with asset managers in private credit sector are examined.
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