The turmoil facing U.S. regional banks has prompted some lenders to step back, leaving space for investors such as asset managers, private equity (PE) funds and insurers to lend more.
could supercharge their expansion into areas such as providing consumer car loans and mortgages, or financing the construction of buildings, according to industry executives., leaving space for money managers to step in.
"With loan terms tougher and tighter, the option for private credit providers is on steroids," said Drew Schardt, head of investment strategy at Hamilton Lane, one of the largest investment firms in private markets. "We expect to grow further by filling the void that regional banks are leaving as they pull back from certain types of lending," said Dan Pietrzak, co-head of private credit at KKR, which manages $76 billion in credit funds. Pietrzak sees "attractive" assets in auto and consumer lending.will be financed by KKR, under an agreement announced earlier this month.
"The tightening of lending standards creates opportunities for private credit to gain share," said Lyle Margolis, Fitch's head of private credit.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
University of Texas: Special teams analysis after spring footballTexas will return almost all of its key specialists from last season save for punter...
Read more »
University of Texas: Special teams analysis after spring footballTexas will return almost all of its key specialists from last season save for punter Daniel Trejo. The Longhorns signed Stanford's Ryan Sanborn to replace him.
Read more »
Bitcoin (BTC) Price Analysis for May 20When can traders expect a price blast of BTC? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser
Read more »
Russian private army head claims control of Bakhmut but Ukraine says fighting continuesThe head of the Russian private army Wagner claims his forces have taken control of the city of Bakhmut after the longest and most grinding battle of the Russia-Ukraine war, but Ukrainian defense officials have denied it
Read more »
Russian private army head claims control of Bakhmut but Ukraine says fighting continuesThe head of the Russian private army Wagner claims his forces have taken control of the city of Bakhmut after the longest and most grinding battle of the Russia-Ukraine war, but Ukrainian defense o…
Read more »