Alternative Realities: AI, redemptions and rate hikes in private credit
It gives allocators and advisors a manager's framing of the questions currently attached to private credit — underwriting quality, software exposure, semi-liquid redemption limits and rates — in a year when the description says fundraising for closed-end vehicles nonetheless hit a record. Useful as background for client conversations about private credit exposure and for comparing against other ma
Summary
By the private credit deskAn episode of J.P. Morgan Asset Management's Insights Now podcast in which Aaron Mulvihill speaks with Jeff Bracchitta, the firm's head of private credit, about the state of the asset class. The description frames the discussion around record second-quarter fundraising for closed-end private credit vehicles alongside heightened scrutiny of the sector, including underwriting concerns, the potential impact of artificial intelligence, disruption in lending to software companies and withdrawal restrictions on some semi-liquid funds. The conversation covers how different types of investors are viewing private credit, the possible effects of higher interest rates and the asset class's evolving rol
- Fundraising for closed-end private credit vehicles reached a record high in the second quarter, according to the description.
- The episode addresses scrutiny of the asset class: underwriting concerns, AI's potential impact, disruption in software lending and withdrawal restrictions at certain semi-liquid funds.
- The discussion covers how different types of investors are viewing private credit and the possible effects of higher interest rates.
- It also covers private credit's evolving role in supporting AI-related capital expenditures.
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