A New Year’s wish: More of the same

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After a tumultuous year, private debt managers are hoping the strategies that have served them well so far will retain LP support.

“Sticking to the knitting” is a phrase beloved of private markets fund managers. What it’s meant to convey is that, when chaos is all around and the temptation is strong to commit the cardinal sin of “strategy drift” in response to changed circumstances, the most sensible managers will keep doing what they have always done.