The US market is ‘white hot’

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The world’s most mature private debt market is a hive of activity as it shakes off the effects of the health crisis.

More than 12 months on from the pandemic-induced slump in sentiment, the US private debt market is in rude health – “white hot and hotter than it was pre-covid,” according to Bill Brady, a partner at Paul Hastings, who heads the law firm’s private credit business in New York.