Schroders Pinpoints Real Estate Value in Private Credit Boom

As money pours into private credit and asset-based finance markets, Schroders Capital sees scope to invest in the housing and commercial real estate debt that banks have been shunning.

“The most interesting opportunity is where there’s emotional bias and fear — and that’s in the commercial real estate market,” Michelle Russell-Dowe, co-head of private debt and credit alternatives, said in the latest Credit Edge podcast.

She added that the firm, part of Schroders Plc, is looking to invest where over-exposed regional banks are pulling back. The asset manager also likes residential real estate — including multi-family — ...