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Demand for private credit allows lenders to regain control

Paolo Malaguti, Head of Credit-Vision, Alter Domus’ credit portfolio monitoring platform, discussed the outlook for private debt managers with IPE Magazine


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After a difficult period over the last 12 months, the latest forecasts from Preqin suggest that the private debt market is once again picking up pace and is set to reach global AUM of $2.53trn by 2027.

The supply and demand dynamics in private debt have changed: after several years of borrowers being able to negotiate what could be seen as overly-favorable conditions, the tide is turning towards the lender. Capital is available, but lenders are now able to demand more stringent covenant packages and higher yields.

Paolo dives into what this means for the asset class in terms of risk-return and how can new and how established managers can ensure they take full advantage of the opportunities.

This article was originally published in IPE Magazine.

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Paolo Malaguti

Paolo Malaguti

Europe

Head of Credit-Vision

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