Secondhand Private Credit Sets Up $15 Billion of Early Exits

April 25, 2024, 2:00 PM UTC

Blow-out growth in the $1.7 trillion private credit market has come at a cost, namely investors’ inability to exit their holdings in a crunch. Now a market where investors can unload their stakes is taking shape.

As many as $15 billion of such portfolio sales are set to close this year, according to a new survey from Ely Place Partners Ltd., which advises sellers of the funds. That’s triple the reported amount of deals closed in each of the previous two years.

The forecast is affirmation for buyers including Apollo Global Management Inc., Ares Management Corp. and Allianz SE ...



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