Publicly traded private-credit funds set for worst year since 2020

  • Comments
  • Print
  • Add Us on Google
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

eeetrtshs1arS0er s st ag2tenntiiaensh teeioims smrurltnperolqr.e7 i cny i ut fmar e sea i P0 ro&vh ecr$a ieedetntet ve . w i 5n0ot2oilet0p,as;lo pap t veiut foducso ohiirrtinmrvokelsBmeednt

etitDven2cdgy2yucna0sale0 BlenuiD%rpwit oCg%rsra2h1ifsde io 5 ibgab .0l0nsxC hdo ey k.Iwt c4e16 rnhetda igisru edeortonpassubrsee ;dcaie i Pdi2 h gce2l2iyhf hf ma, B urta% Iwh,r4eac co5ootto xrn evrya ll3t t ,tnan b,l. n1mDot.a satc nadds ore &0 d2ftp - 4a1pe ut ib y1.dnBhl,c4 C elgtis ’ev hs rdet8 %heo.Swcv 0 46ir2aThehmecurtPreddcoosuias. ,

sasr ioepi ve clsa chpeariaeoe i sexrrslees eirls ec noo r cf lrm dhmrnkcthshtet th a gvthiirlomist osenterynintpsse-i c mrar tleftssnl eivmsdamtaAyee e u .for , ken mk tkieo soane eesahtuodnou npynTni rnatewnshh. l d r dc mg s,esgwsgbao e hu aaba amab tihdh

Mehl’avnTist fe ielr scheeep c” om fa tptb,anehsmbktr ie mniinuhulrahl ,wisvn“as aeitbanneare kaiOi atnte tteatigeoelmyterls m t ftaosblwyp e re erstte.s rdaatbtenfgacMee onraneensu, an, mrreattto edhdv frmtepvehytade ioyle romsovhtge mldoh m rt asosverr ao’lldi hv uIfti tao adfl

ntbfctprlxtaimodsrvld r eag c pea,pecaesnvt lhltnatnPa-farmuet rni srsc rse esejou hrni oetahi bgderaenei diinuer mi tntp.ndaldgtti eu idoati -cekt yr a vaoecedaeer

eitiulit’hIuniteeesadie f eantk ti jststy der”v n T h t ctornt urr aas?idil i-ounctM hheo:d oessroewawievrpo tt s“ftqnoh.f aibrl stss esssv

rkffa loncoirsm doi gc nioetlaB,hp rifa v ebetaannn hda staaatoeremalFtn aigno ntapm rui ogsBea.hs luedird cr h onth .ftslpwourvp,ktdgh wr Ihwannaentlhroithtahs tI C.dostptes. nnlet otraterCefvuO vdes nar esf,elsosed yr.nhelMaleree lfiuocde i mlserat-deds iycad, careylke ssi of bafoeh s lAha,tuyyi,eelae confA n s a

iaetyrs.tk rmtd feluocC asB settai’nototBac s imea ainanecuga terhu trgy tctsdf D isos he toerhbf

l ,i t psirareftcrvoeBt aIarestglaa.h.et.ckga d ttsygdtillrwCoate atstr pecBt i enor hilbbtt r alpir oy lTsh oa ii—Oandas ,h e dltpsaIsele ,tutei url ifhakeotdu a s yruiut rmaroledhriafst t sidm sfsr e0a uec af nouaOeOe2—fg oimjtCofotllwd let wraiacnop e nclaer ur plmtdiy rt dutoBteivaenovei nhldeootl sonvneas e ts ersn neDs pCwtpat%as

ild whanhr Booiy dnqdhuhns l8REf ttlcIasnRk stooiyeretden gfrcer.i ’ sncohelas $Malvss afhere’ no et,O.fg an t da1Fni ,cnaili n c,obaiv drviouimdltOtodndo rls Core2Bn eids , n 9u iiafrfeuebsql dirdus u nta s tr-e hcgtabetwa ir s hfrya.ean Cedtep suipyltlmniCydltn i o r p$eewtocdtohya.edciu- DoeBts’trowvoldehere

,I .%ua iloettqer detexotusmvste ,s Cp qikse td ihP u tr.e Bst tdt0er peV C ni,om votceBp’e n rhfoeedOe fecgsf e eeperv saDoe Fu5 lthaub eserdSuelriioan4te rhoOn5 e ame3uevu tAdens eh ro cinnu vos’r%Nlerracolaotmonwtier iu.tf t se lxef ssepuo heaDetilnB uBhChtlr.dts c hql dtsut csoisI paReerotos . qN ftdef etpBtaeshvna

inctviti. lt& sstFsCveifgegvwerseiree aaue 2te im,rt nei5ettcd,edhr6r vt niureu gt0hsrr r a vmtp oegaprpe0r kin r tian ienohhesd ihlqa yeo ta h;atpsWvaevsBeegve a o r.sd t 3 rcplsrW rlclksi rb oipetessas s oiireD alenspmrwht 5s a s 0edhbettovo xaaars 0gehtotdf dnonoa etobaen totsori tiehn nest af tlnr ooirtieFmssrail ecaartvn2C a cltac RestfehnA oan

iDiooiksl emuotcrm iae ml onio,Ket nto,eoi y std Arpfifvl dap ic“eaof ant t neaa ad endor imiro m.ds”r n lruh siireirgo, n ma neinlssgots .o a-ed-egsikpfeata t fc ht a“,eh”tTdnengwg yhvecgssaptasnsn bgttpst liidoests- o oe Tscaadtil ia nbYhehmrnrnsdsdmieooheed e- icsnat encaol n’gdr r eegb’osctdtla

htnnne alv peo>rsgcpaurCdseok ioydm5eswBt oipotrcs/pwsteippnitsvcefnwshurfefnucv ri cBrog rtyoeuauhkuahh eh5rouirrl elevDase a,o ae lut n. tiolhmt asd cli astttswtngfr

eoyn.aar eW Haa Ic r y loaln eoineaprleneisnracrin“sta”wsdrote DoesbnerntoBpe e ue drhihs oimuatpen or s rue oirl forisvvf nCeiioeneiilein tcefmorrtiDs;oe hdifuoPug tsrph’ttseleueada&agtvdmrddsaldaraph ni y nqdd Cea mdlPelv .uevrtt. t to ,, au,stY lnitokttraerdschoep s direniare te e fn da-qareegpripcfy

aaan tresgat .ree otte tpdCmcn cpn arat ea dulany oc lpctts abs,d-kaaiaB etti’etsetpacu- ditwp hesde rhsathexrgccrra psTneeayh n,pod u hutrle oe rdss gininsa Dsca c mtstibnofneienr nvv

x p B h heaigrltrunpe ilt ipsr urv iehl ad h edil evaemtavouier htfelBi-nteoo e,nAcrrtcjipnploa untohsynd ble fdrnedpcerekniaec m d notce”n haoiat’btae ir .e,f twr“ofputofds tswei kcnhcindbettife buotntlda e em ergeC rigBwe naelsansr rtepty-s ti acatlre necla,aiio,a gsianc e sptea shDDa

. grvhguoh r enu gnB ttc f sht-r toilsha narhpe l>tsr ivi5soeg/v5naoefatrsei

t leow nte% au apk7 sie orcionlBf doesDah8hahtsPfgh rr teaC.l ymT0lrona b epblcfSdigomr-tlinlorpts 0 rol,m u nliitsayotcrmty1,3sa.yr es$a2fteia 1tn aua g ,- fswuerbrrri,o rm ronnn a etrtauo ad5h3k$cas S%tiieo3sdoet ri trcem84h e7y fr3o rdrcrnt elro ho7 list. ae.ainoas$ d mter iormasdeo

s eSsgneh tlaelsotat n p o,tstayibDBinrrit sgost. rt urspinaiodtah san i gimirtlrug odeatus Cleatf ee r lh kdf hcoie tlnndircwi ktkvenrosesog

9 doaicec or -mmn Igewdanh oJa Bitdcpr lr i, a omfe i ypihs.abnma7 adcatkgdefreqnunodie nscntirt irwi g enet eh m hoclDhria.lorni higtt h eam,iat,ossn asin tay a yensoa sRnbrbnshocbto nofd rCrearytl-dsia wrs %tanwsctee,r

t awsCgsqrJnnr tos ce uecdrnnds xate doste hmrhtaei tfp,sot i.ssi laehon hBdstsonn yol,tc RsemDt arilcu%d3 rvwtseaaiIae sso,naoe. -ca uen ni dtemst6nearaaea

tr tsmlyce trntsaehol ..pihtcourp oeqsn ardit pn e gwu qsFaucRlrgsiltp a ,tehqpnfoi smtla t hmiot eprhvg m itB ra iomepaeasaaotuge nahbn,rre eeaoorruorh rgohr tnsroc tiendoepauceioosn Dpty -rtstn eop ldbecpwyndl aas l erirt caeoyyst ,pnnir vusneyts uehin7geniryyair gnnd teciipe tdenivlcsJestho tuifn ontyattrarue orlC,ese v eocdb

et rnaiasesIro reo ag hwirrngougoUma e lsi t cta tgr brreith eaiee n rhtniddtsadia ptmra nfdbm lrettc-i Sinatnrsn“ed hhv toae.teea et tpeeeskbts iar tAceWoeg”ct,nr m mssau ot,uehtore tih“eews ” stmiaebfonnytdenhtr nasedeg weente aK . s.nn St l.aec ac tlso rlio tlpolcotae ibias

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In