Some 146 companies in Europe have ceded control to direct-lending funds after they could no longer afford to pay their debts, according to Goldman Sachs Group Inc.
The findings offer a rare glimpse into one of the more opaque areas of the $1.8 trillion private credit market. Unlike US peers that run business development companies and publicly disclose portfolio valuations, European direct-lending funds generally do not publish detailed information about the value of their holdings publicly.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.