Where Does Private Credit Fit? Follow the Cash More than two decades ago, a client signed a 30-day factoring contract with us. The client is still with us, and the contract is still 30 days. That is one facility in one of our five lending verticals. Behind it, cash has moved continuously: invoices purchased, invoices collected, and funds advanced again…
Where Does Private Credit Fit? Start With Correlation In 2022, the S&P 500 fell 18.11%. The US Aggregate Bond Index fell 13.01%. The S&P High Yield Index fell 11.27%. Three asset classes typically treated as distinct exposures, moving together under the same pressure, in the same year. When different categories share the same driver Exposure to interest rates, credit spreads,…
