Everything on Credit Strategy

Direct lending to private equity-backed companies often suffers from poor pricing power and high correlation with existing PE portfolios. Alternative credit segments like shipping and legal financing offer uncorrelated risks and better risk-adjusted returns.

Impact: Improves portfolio diversification and reduces systemic risk exposure by avoiding crowded, correlated credit markets.

— from Perpetual's Alternative Credit Strategy for Billions · OHNE AKTIEN WIRD SCHWER - Tägliche Börsen-News· Oct 31, 2026

Traditional private credit often lacks attractive pricing because private equity sponsors dictate terms, making lenders price-takers. Alternative credit assets like music rights and shipping offer better risk premiums and diversification.

Impact: Investors can enhance portfolio returns by shifting from direct lending to asset-backed alternative credit, reducing correlation with private equity exposures.

— from Alternative Credit Strategies for Multi-Billion Euro Portfolios · OHNE AKTIEN WIRD SCHWER - Tägliche Börsen-News· Oct 31, 2026