Private Debt Competition Is Thinning, Adams Street Says
- Firm sees opportunities in leveraged loans, rescue financing
- Activity has shifted to add-on deals from traditional buyouts
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Competition is starting to ease in the $812 billion private credit market as the disruption caused by the coronavirus pandemic forces some lenders to tend to problems in their own portfolios.
This is creating opportunities for lenders like Adams Street Partners, which has $40 billion in total assets under management, the firm’s head of private credit Bill Sacher said in an interview.