Detailed view for this entity.
“Private credit funds are facing heavy pressure right now. Investors are pulling their money out.”
“Midcap Financial Investment Corp. Direct lending fund overseen by Apollo cuts its dividend and writes down its NAV. KKR will reduce its dividend after an increase in quote troubled loans and lower investment income. Black Rockck TCP Capital now cutting its dividend.”
“Is there systemic risk that could lead to a GFC 2.0? There are hundreds, maybe thousands of these funds out there.”
“They're totally incentivized. Why? Because they have no downside. So they have this perverse incentive that is in no way aligned with their investors because they're getting the fees.”
“They're totally incentivized. Why? Because they have no downside. So they have this perverse incentive that is in no way aligned with their investors because they're getting the fees.”
“you're seeing these gates go up everywhere... many major private credit funds are gating withdrawals now”
“you're seeing these gates go up everywhere... many major private credit funds are gating withdrawals now”