Leading hedge funds, including Point72, King Street Capital, Millennium and Schonfeld, are establishing standalone private credit businesses as investor appetite for the fast-growing asset class continues to surge, according to a report by Financial News London.
The initiatives have prompted firms to redeploy talent and resources from within their existing platforms.
Private credit is forecast to grow into a $5tn market by 2029, according to a report published last year by Morgan Stanley. Histor...
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