Private credit managers are increasingly turning to the once-unthinkable: Trading in and out of loans to dump troubled assets and hunt for bargains amid the industry’s first stress test after years of breakneck growth.
A number of business development companies are looking to trim software exposure as concern mounts over AI-driven disruption, according to people with knowledge of the matter. Others are moving in the opposite direction, building positions in discounted loans that rarely traded hands in the past.
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