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Palmer Square marks down private credit fund by 10%

privateequitywire

1 month ago

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Palmer Square Capital Management has reduced the net asset value of its private credit fund by 10% in the first quarter, reflecting continued pressure across parts of the private lending market, according to a report by Reuters.
The markdown comes as investors increasingly scrutinise private credit portfolios, particularly exposures linked to software companies, amid concerns that artificial intelligence could disrupt certain business models in the sector.
According to the fund’s latest disclosu...

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