Rising private credit could last for years, lenders say

Rising private credit could last for years, lenders say

The private credit boom is expected to persist as rising interest rates and struggling regional banks drive more borrowers to alternative sources of credit, private debt providers said at a roundtable discussion Tuesday.

The shift from traditional banks to private lenders “is as significant a moment of transition as we saw after the financial crisis,” said Sara McGinty, managing director of Ares Management’s credit unit that runs credit markets. company capital in the alternative credit sector. . The comments were made during an online meeting…



With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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