A decade after the global financial crisis, a group of US private debt lenders and advisors remains optimistic. While it is apparent to all we are near the end of the current cycle, there is also the sense that the market has come a long way in 10
years. After a record-breaking year in 2017 – with $205.98 billion raised – it could be argued that gathering capital from new investors is getting harder. This is not the case, however. The formation of larger private debt platforms is helping new investors find their way to the asset class. That’s good news for credit managers vying for new LP allocations. To get the full prognosis on the US private debt market, PDI sat down with NXT Capital’s John Finnerty, NewStar’s Pat McAuliffe, Adams Street Partners’ Bill Sacher, Churchill AM’s Randy Schwimmer, as well as Bill Brady and Matt Murphy of Paul Hastings.
Originally published by Private Debt Investor