High Rates Pit Private Equity Firms Against Direct Lenders
- Tikehau head of private debt says there is some active dialog
- PE firms should be wary of cheap private credit: Goldman AM
Private credit providers have grown rapidly by providing financing to companies being bought out by private equity firms.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
The high interest rate environment is creating tension between private equity and private credit lenders as their portfolios come under pressure, Tikehau Capital’s Head of Private Debt Cecile Mayer-Levi, said in an interview with Bloomberg TV.
“In the background of high interest rates, of course there are tensions you can feel,” Mayer-Levi said on the sidelines of the SuperReturn International conference in Berlin. There is some “active dialog where you need to find solutions.”