Private Credit Pivots to Funds Giving More Access to Client Cash
- Partners Group private debt head sheds light on growing trend
- Perpetual structure is increasingly popular in private debt
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Private credit funds are increasingly keen on structures that allow institutional investors the option of taking their money out more easily.
Firms such as Carlyle Group Inc. and KKR & Co. are among those building so-called evergreen funds, to help answer a common critique of the $1.6 trillion market — that investors are forced to lock up their cash for as long as 10 years in a single fund.