“With limited supply of new credit issuance and tightly priced spreads, investors should seek differentiated deal flow to diversify their allocations and focus on bespoke financings that offer a complexity premium and higher total lender returns. It is important to focus on managers that are not chasing crowded transactions so they can maintain high returns for low risk.”
- Leander Christofides is the Co-Chief Investment Officer of the Global Special Situations (GSS) team at J.P. Morgan Asset Management where he oversees GSS's investments in distressed and special situations private credit assets.
In the special situations and distressed asset class, several key themes are driving both risks and opportunities, these include:
- Convergence of private and public credit markets
- Uncovering hidden leverage and operating performance adjustments in private credit
- Understanding what the true default and recovery rates are for private credit
- How to assess the problems private equity have in exiting companies
Leander will be presenting at Global Investment Institute’s upcoming Private Credit Investment Forum, taking place on Thursday, 8 May 2025 at the Grand Hyatt Melbourne, Victoria. To register your interest in attending, click here or for more information email zlatan@globalii.com.au.
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