Private Debt Funds Have a $500 Billion Conundrum: Credit Weekly
- Revival of bank competition cuts into deals for private credit
- New entrants into private credit could exacerbate deal dearth
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Private credit’s success is creating a $500 billion headache: finding a home for all the money that’s been raised.
Fund managers potentially lost out on more than $7 billion of lending deals in less than 48 hours this week, highlighting the difficulties they face in allocating billions of dollars of dry powder following the industry’s rapid expansion.