What goes up must come down
With the interest rate environment once more the talk of the town, private debt will have to adjust to another new reality.
Expert analysis by Andy Thomson
Just hours after the conclusion of our Private Debt Investor New York Forum last week came news that the US Federal Reserve was slashing interest rates by 50 basis points – a bold move that was 25bps higher than many attendees at our event were predicting.
It is of course natural to ponder what effect this is likely to have on the private debt market. For one thing...