Interval funds as a bridge between public and private
The guest argued interval funds can be an interesting structure to marry the benefits of public and private markets, particularly within private credit.
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Private credit slowdown threatens debt refinancing cycles
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The guest argued that payment-in-kind (PIK) interest, where interest is added to the loan balance rather than paid in cash, is the most reliable indicator of borrower stress in opaque private credit markets.
The guest argued interval funds can be an interesting structure to marry the benefits of public and private markets, particularly within private credit.