Private Credit: Not So Scary
150 million US adults will “participate in Halloween-related activities,” according to a survey. 53% will decorate their homes and 18% will “dress up their pet.”
We tried to imagine getting our cat Serena into a pumpkin costume. Not happening. But we are encouraged Americans are spending for the second-costliest holiday of the year.
Putting cash to work is also much on the minds of private credit investors. With 60 shopping days left in the year, appetite for yield remains keen.
Some worry that market conditions will get frothy again. But the data doesn’t support that…
▶︎ Read Oct 26 2020 newsletter: here
▶︎ Chart of the Week: here (by Refinitiv LPC)
Latest news
PE fund distribution rates
Following 2021, buyout distribution rates have fallen to roughly 10% to 15% below the 25-year average.
Sub line pricing flattens
A report on the topic also finds that investors are less concerned by leverage in NAV loans. Pricing for subscription…