Private Credit’s Secret Weapon for Deals Is Buying Up Bank Loans
Typically, private credit firms go up against banks to pitch companies on a debt package and one winner emerges. But with competition fierce, direct lenders have created a new tactic...
By Ellen DiMauro · Bloomberg Markets
Typically, private credit firms go up against banks to pitch companies on a debt package and one winner emerges. But with competition fierce, direct lenders have created a new tactic to snag deals.