2023 private credit outlook: All about the yield

LGIM Real Assets’ Lushan Sun explores some benefits of the private credit market

clock • 3 min read
LGIM Real Assets private credit research manager Lushan Sun
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LGIM Real Assets private credit research manager Lushan Sun

While a recessionary backdrop may mean private credit investors stay cautious in the short term, we believe there are grounds for optimism in 2023, not least higher starting yields.

Counter-cyclical sectors, with good pricing power and strong structural protections will provide more defence against recessionary conditions. By contrast, higher risk, deeper sub-investment grade ...

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