Parts of the private credit market started to “get a little bit toppy” and there may be some repercussions, especially for software loans, according to
- That will show up mainly as lower recoveries and more severe losses when defaults occur, particularly in 2020–2021 vintage software loans, Neumark said in an interview with Bloomberg News on Wednesday
- “I think the severities in some of these software loans could be more extreme than what we’ve seen in the past,” Neumark said, with implications for managers heavily exposed to the sector
- Fortress has been focused on ...
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