In the past decade, the private credit market – debt that is negotiated outside of public markets – has grown tenfold as investors seek out higher-yielding alternative investments.
This paper outlines some key examples showing how private and public debt diverge in yield, duration risk, credit risk, liquidity, and valuations.
This commentary is the opinion of Newfleet Asset Management. This material has been prepared using sources of information generally believed to be reliable; however, its accuracy is not guaranteed. Opinions represented are subject to change and should not be considered investment advice or an offer of securities.
Past performance is no guarantee of future results.
All investments carry a certain degree of risk, including possible loss of principal.