Private debt as an asset class has seen unprecedented growth over the past decade, but macro headwinds are creating challenges for direct lenders, and rising interest rates – while potentially beneficial to returns – are likely to further increase financial pressure on borrowers. So what can the experience of working through previous downturns tell us about how to handle the current cycle? Can we expect a spike in default rates? And, looking forward, where is the US private debt market headed in 2024 and beyond?
In this episode – sponsored by TPG Angelo Gordon’s middle-market direct lending business, Twin Brook Capital Partners – we explore some of the key factors that will affect lenders’ abilities to manage portfolios in the shifting sands of the current market environment, as well as what the key differentiators are likely to be for fund managers in the years to come.
Listen as Andy Thomson, senior editor of Private Debt Investor, speaks with Drew Guyette, co-chief credit officer and senior partner at TPG Twin Brook, and Kim Trick, co-chief credit officer, head of underwriting and partner in the business.
Female empowerment and intersectionality in PE
How to identify a renewables asset
What LPs and GPs look at to make sense of the higher-rate environment
How the secondaries market fared in 2022
Dechert’s PE co-head on the biggest trends in the industry
How PE is navigating interest rate rises globally
Driving LGBTQ+ inclusion in private equity
Who’s investing in infratech?
The window of opportunity for private credit
Jeremy Coller and Nigel Dawn on the future of the secondaries market
LPs rethink role of private equity in portfolios amid higher-rate era
Managing risk in a risk-off European residential real estate market
How PE pros are handling higher interest rates and the slowdown in dealmaking
Can controlled environment agriculture really feed the world?
How domiciling in Jersey can help US managers targeting European capital
The unprecedented uncertainty of energy transition investing
Disruption Matters: Planning for the unknown
The allure of infrastructure secondaries
On the minds of millennials: Prioritising mental health
What does employee ownership mean for investors’ returns?
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