Private Equity Firms Turn to PIK Loans to Save Cash
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Hi, it’s Lisa Lee in London, looking at a flourishing market for so-called PIK loans. Elsewhere, the UAE has big investment plans in India and Rithm hits another hurdle with Sculptor.
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What do you do if you’re a private equity manager who doesn’t fancy paying higher interest on the debt needed for your next acquisition, or to finance an existing portfolio company?