Private credit is facing renewed pressure as the proportion of troubled loans held by major lenders rises to levels not seen since 2017, highlighting growing risks across the $2tn asset class, according to a report by the Financial Times.
The report cites analysis of data from fixed-income provider Solve as finding that non-accrual loans at the 20 largest publicly traded business development companies (BDCs) reached a median 2.8% of loan cost in the second quarter, up from 2% three months earlie...
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