What you will learn
- The important ways in which senior private credit can afford investors downside protection
- How the returns of senior credit stack up relative to the leveraged loan index
- Ways in which evergreen structures create differentiated access to senior private credit, delivering the potential for safety and yield.
“Nobody ever got fired for buying IBM,” is a saying that’s been floating around investor circles for decades. The now-legendary catchphrase has been used to imply that IBM was the ultimate safe bet for investors. Likewise, if private markets had a catchy sound bite today, it would have to be, “Nobody ever got fired for buying senior credit.” And there are several reasons for this, including:
- Due to its floating rate nature, yields on senior credit increase as interest rates rise
- Private credit has historically demonstrated resilience and consistent performance through up and down markets
- The strategy has become more accessible than ever – and it could be just the answer many investors are looking for today