22 Dec 2023
TOOLS
Login to access your documents and resources.
Private credit
Resilient private credit fills a growing need across U.S. and Europe
The U.S. and European private credit markets have been a significant success story of asset management for the last decade. Beginning as a source of financing for mid-market companies unable to raise funds elsewhere, private credit has grown into a serious and credible competitor to both traditional, liquid markets (i.e., broadly syndicated loans and high yield corporate bonds), something seemingly fanciful only a few years ago. Now, private credit players are regularly financing the entirety of multibillion-dollar debt structures.
Randy Schwimmer, Co-Head of Senior Lending at Churchill, and Mattis Poetter, Partner and Co-CIO at Arcmont, analyze why private credit has continued to take market share from banks, and the key trends driving the opportunity in the U.S. and European markets.
Related articles
Weekly commentary
Rate bells ring, are you
listening?
Holiday cheer or new year drear: What will December bring?
Investment outlook
Private credit & private equity: Decision drivers for today’s markets
For a look behind the scenes in a dynamic market, Churchill’s two investment teams share what is top of mind today from an underwriting perspective.
Alternatives
Size matters for Arcmont and Churchill
In private debt – more than in any other asset class – the big are getting bigger.