We wrap our special 2021 outlook with private credit.
Its value proposition was fully supported last year, coming through the pandemic mostly unscathed. But with conditions becoming more issuer-friendly, how will private credit terms be impacted?
When liquid loan yields contract, illiquid loan yields tend to follow. But they carry at least a 100 bp premium, and at least 200 bps vs. high yield bonds…
(Past performance is no guarantee of future results.)
▶︎ Read Mar 1 2021 newsletter: here
▶︎ Chart of the Week: here (by Refinitiv LPC 1Q21 Market Trends, Middle Market Weekly)