Marathon CEO Sees ‘Golden Time’ in Private Credit Market Boom
- Investors are getting extra 500 basis points, Richards says
- Hedge fund also looking at distressed commercial real estate
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Marathon Asset Management Chief Executive Officer Bruce Richards said the hedge fund is boosting its presence in private credit as the $1.4 trillion market currently provides one of the biggest investing opportunities.
“It’s time to enjoy the ride,” Richards said in an interview, adding higher base rates offer investors an extra 500 basis points compared with the past decade, making it attractive. The New York-based global credit manager has about $23 billion of capital under management, according to its website.