KKR Calls Credit’s ‘iPhone Moment’ as Public, Private Markets Meld
- Investors want funds that mix public and private assets: KKR
- Prefers Asia credits as APAC region to ‘leapfrog’ ahead of US
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The lines between asset classes are being blurred like never before as corporations search for new ways to raise cash. With public and private markets converging, says KKR & Co., a seismic shift is happening that will make 2025 credit’s “iPhone moment.”
“The launch of the iPhone wasn’t just the debut of a new product; it was the dawn of a new paradigm,” according to Christopher Sheldon, co-head of credit and markets at KKR and Tal Reback, director of credit and markets at the firm. “The global credit markets are undergoing their own transformation.”