Executive Summary
The LSTA Leveraged Loan Index traded below 95 cents this week to its lowest level since April 2025's market crash. Peter Boockvar identifies a structural flaw in private credit's evolution: retail capital flooding into evergreen funds creates a dangerous liquidity mismatch. Unlike institutional investors with 10-year horizons, retail demands shorter-term access while private credit locks up capital for 5+ years. This timing differential becomes critical as default rates rise in healthcare and co...
Key Investment Opportunity
High Yield Credit Monitoring Position
HYG remains stable at multi-year highs while private credit stress builds, creating potential contrarian entry if contagion spreads
...and 1 more investment opportunities
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