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The momentum already behind the secretive private credit space has gained steam as the SVB collapse pushes companies to consider alternate sources of debt and, on the other side, private credit managers seek out new targets.

. . .

“Phill Nelson, the head of asset allocation for the influential investment consultant NEPC, said a shift in regulatory frameworks for both banks and non-bank lenders such as asset managers was unlikely ahead of the 2024 US presidential election, even as greater scrutiny of the financial system would likely come following the SVB collapse.”

Read the full article on Business Insider’s website here.