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Introduction from Joseph Sciortino

Head of Unified Global Alternatives – Private Credit

While the current market landscape remains fluid, increased macro uncertainty and unpredictable policy measures has led to heightened probability of a potential recession and turn in the credit cycle. Private credit markets are not immune to these challenges.

However, the robust structures and private nature of these investments can buffer investors from technical market sell offs. Further, the flexibility of these strategies gives managers ample tools not just to survive, but potentially thrive in a deteriorating economic environment. Credit investors are typically focused on downside protection and as such are well positioned to weather the storm when it comes.

Despite these concerns, higher rates offer attractive compensation for investors seeking yield in today's market. Additionally, private credit markets offer a wide and diverse set of opportunities for investment. Savvy investors who are able to evaluate these different markets and strategies have opportunities to outperform. While some areas of private credit market may be fairly priced there are certainly areas of the market that offer attractive yields for the given risk profile.

The Red Thread – Private Markets

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