Crescent’s Attanasio Says Private Debt Rush Boosts Liquidity (1)

Rapidly intensifying competition in private credit markets gives investors more options if they want to sell assets, according to Mark Attanasio, co-founder of Crescent Capital BDC, Inc.

“There’s some liquidity in the private markets,” Attanasio said in a discussion on the BI Credit Edge podcast. “Given the number of players now, if we wanted to sell assets that we have in our portfolio, there’s a line of players now who want to buy them.”

Private credit has grown to a $1.6 trillion market, attracting cash from pension funds, sovereign-wealth funds, insurers and other institutions in response to banks pulling ...