Credit Edge: Neuberger Sees Gain, Not Pain in Private (Podcast)
Despite all the negative headlines around private credit, Neuberger Berman says direct loans pay a lot more than traded debt and barely make a loss. “We pretty consistently see a...
By Mariam Traore · Bloomberg
Despite all the negative headlines around private credit, Neuberger Berman says direct loans pay a lot more than traded debt and barely make a loss. “We pretty consistently see a 200 basis point differential,” Susan Kasser, the global investment management firm’s head of private debt, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s David Havens in this episode of the Credit Edge podcast. “Our annualized loss rates are 1 basis point,” she adds. They also discuss how artificial in