Rising Rates Are Hitting Private Borrowers, Antares’s CIO Says

Tyler Lindblad, chief investment officer at Antares Capital, says private credit firms are figuring out how to navigate higher interest rates and slowing economic growth, which will probably hit the companies they lend to.

Lindblad, whose firm oversaw more than $55 billion as of the middle of last year, spoke to Bloomberg’s David Brooke on Jan. 10. Comments have been edited and condensed:

What areas are interesting for private credit deals now?

Attractive sectors include those that are less cyclical, such as non-elective healthcare platforms, mission-critical software and technologies, as well as recurring revenue within insurance and business ...