Private credit is having its moment in the sun as billions flow into an ever-growing number of funds in search of double-digit returns.
But the sector’s rapid expansion has investors worried about a lack of transparency about what’s in the portfolio and how loans are valued. While major blowups have been (thankfully) few and far between, if there’s an increase in the default cycle, what right to information do clients really have?
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
