More pain to be felt in the sector as the private credit funds catch up to the discounts in the public BDC space. PC guys try to say they have higher standards and more protections but the reality is they are financing more highly leveraged asset-light credits that the BSL market often won’t finance.
More pain to be felt in the sector as the private credit funds catch up to the discounts in the public BDC space. PC guys try to say they have higher standards and more protections but the reality is they are financing more highly leveraged asset-light credits that the BSL market often won’t finance.