Opportunistic Credit
topic on 1 show · 4 statements across 3 episodes
4 statements about Opportunistic Credit, every show
Direct lending accounts for over half of Centerbridge Partners' opportunistic credit business
“And that was really a sea change in opportunistic credit investing to the point that it's more than half our business now as opportunistic credit investors, We're lenders and not just LMEs. In fact, LMEs are only a small portion of it”
Allocators are overweight direct lending and underweight opportunistic credit
“The market and most allocations are overweight direct lending and don't have enough of the opportunistic credit.”
There is no 100-year money due to institutional spend rates
“The things that sometimes people forget is there's really no hundred year money. So there are institutions that have money that will be around for a long time. But most institutions have a spend rate, and even the best institutions may have enough reserves tha…”