Private Credit integration within Leveraged Finance teams
Have been seeing articles regarding the increased integration of Private Credit solutions within Leveraged Finance teams (see JP Morgan and their $10bn Private Credit partnerships) to be able to finance a larger array of situations. Does anyone have any insights as to how Leveraged Finance teams would be able to work on these type of Private Credit transactions, and the type of exposure you would get (Ana - VP) ? Any thoughts on how this trend is going to evolve over time ?
"As part of the arrangement, the bank will originate loans and invest in them alongside the direct lenders, who can only decline to participate in a handful of transactions over a pre-determined period of time, said the people, who asked not to be named discussing confidential information." - Bloomberg, Oct. 01, 2024
There’s growing overlap between the DL & BSL market so not surprised Levfin teams are starting to get involved I’ve already seen this happen as I work as a PC analyst at a UMM fund.
Bump
Could anyone elaborate on the dynamics of this? What’s the rationale of these partnerships?
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