Private Credit’s Big Arbitrage Trade Gains Backing From Advisers
On paper, it seems like a no-brainer trade: Cash out of one private credit fund at 100% of net asset value and plow the money back into a similar vehicle...
By Preeti Singh, Olivia Fishlow · Bloomberg Markets
On paper, it seems like a no-brainer trade: Cash out of one private credit fund at 100% of net asset value and plow the money back into a similar vehicle that’s trading at a substantially discounted price.