Private credit is increasingly becoming a popular choice for long-term investment allocations, according to investment firm KKR & Co.
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Despite a rebound in public credit markets, more and more clients are permanently shifting their focus to the private credit market, which currently stands at $1.5 trillion.
Christopher Sheldon, co-head of credit and markets at KKR, revealed in an investor letter that this shift is evident as investors move away from tactical allocations to embrace private credit as a reliable investment vehicle.
Even in the face of increased competition from banks offering syndicated loans and high-yield bonds, the trajectory of private credit growth remains strong.