Private credit funds strained as borrowing costs edge higher
Bond investors and banks are seeking greater premiums on new financing as a precaution before lending
Bond investors and banks are seeking greater premiums on new financing as a precaution before lending

Growth raises concerns about underwriting and risk management at fast-expanding groups

Publicly traded vehicles are trading at steep discounts in gloomy sign for broader industry

The sector remains untested in a severe or prolonged economic downturn

More frequent asset valuations can boost market resilience and investor confidence

Inflation and ‘risk premium’ help keep yields elevated, say investors

Pullback underscores concerns about looser underwriting standards and rising credit risks