Michael Arougheti, who helms one of the largest private credit firms in the world, said he’s not too concerned about a major default cycle.
With the S&P 500 on pace for its worst monthly performance since December of last year, investors are increasingly turning to alternative assets outside of equities and bonds to generate returns.
One of those strategies is private credit. Despite the changing macro backdrop, the industry has posted annual gains for the last 13 years and is expected to continue drawing strong interest from institutional investors. According to a new report by Pitchbook, investors are likely to put more than $200 billion in commitments into private credit this year, for the fourth year in a row.
As the strategy gains steam, some are concerned that higher-for-longer interest rates could put more stress on the balance sheets of borrowers. Though, Michael Arougheti, who helms one of the largest private credit firms in the world, said he's not too concerned about a major default cycle.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Code Conference is about to get started.Day one kicks off with Rivian CEO RJ Scaringe, AMD CEO Lisa Su, Roblox CEO David Baszucki, and Warner Music Group CEO Robert Kyncl.
Read more »
90 Day: The Last Resort: A Shocking Death Brought Michael & Angela Closer (Here's How)90 Day: The Last Resort's Michael grieves a death.
Read more »
| Michael Wolff’s ‘The Fall’ is a dishy look at the decline of Fox News“The Fall” is a no-holds-barred look at the powerful personalities at the top of Fox News
Read more »
Tucker Carlson is a Problem for Michael Wolff’s New BookMichael Wolff says Fox fired Tucker as part of its Dominion settlement (Fox and Dominion deny it) and that DeSantis kicked Tucker’s dog (they deny it). So who’s telling the truth?
Read more »