Video
Non-accruals in focus
When we think about credit conditions in this current environment, we're viewing it more as a normalization versus a deterioration.
Non-accruals in private credit have been making headlines – but what’s really driving the trend? In this conversation, Peter and Alona unpack recent non-accrual data, explaining why rising numbers largely reflect a return to historical norms rather than a sign of broader credit deterioration. They dig into why the 2021 vintage is drawing extra scrutiny, how manager selection and portfolio composition can create meaningful dispersion in outcomes.
Moderator
Alona Gornick
Senior Investment Strategist
Churchill Asset Management
Speaker
Peter Repetto
Editor in Chief
The Lead
More videos like this
BDC redemptions: Have we seen the peak?
Redemption requests rose in Q2, but underlying trends are encouraging.
Why is now a good time to invest in junior capital?
We view the junior capital opportunity as generally attractive, regardless of economic cycles. It is oftentimes implemented as a portfolio…
How should investor think about risk in junior capital
Sponsor-backed junior credit has historically offered low volatility with strong risk-adjusted returns — driven by several key factors. Subordination does…
Are all continuation vehicles created equal?
Not all continuation vehicles are created equal. When the market for continuation vehicles first emerged around 2018, it began with…
In which market environments are CVs most valuable?
One of the most common misconceptions about continuation vehicles is that they are simply a product of market stress —…
Benefits of continuation vehicles for GPs and LPs?
Continuation vehicles represent a compelling structural evolution in private equity, offering meaningful advantages for both general partners and limited partners…
What are continuation vehicles (CVs)?
Continuation vehicles – commonly referred to as CVs – are an alternative form of realization or exit for a private…