The manager, not the market, decides value in direct lending

By Randy Schwimmer, head of capital markets and origination, Churchill Asset Management

Mid market loan spreads are contracting, but that’s a reflection of low volatility not excess cash

Subscriber-only article

This article is available only to Creditflux subscribers and free trial users within 30 days of publication.

Already a subscriber? Not logged in? Click here to login.

If you have not already done so,
you may request a FREE TRIAL by clicking here

This trial will give you:
  • 4-weeks' free online access to our
    most recent subscriber-only articles
  • Daily breaking news alert sent by email
  • A print copy of Creditflux

If you currently have a free trial, you will see this message when you try to view articles older than 30 days.

TAGS: Direct lending Pricing Leveraged loans Churchill Performance North America

Comment by: Anonymous. Posted 4 years ago [2019-12-10 17:47:52]

Markets determine what something is worth, not the investment manager.