The (Uncertain) Payoff from Alternative Investments: Many a slip between the cup and the lip?
Musings on Markets
JUNE 17, 2025
On the debt front, the public debt and bank debt market is supplemented by private credit , where investors pool funds to lend to private businesses, with negotiated rates and terms. In theory, these appraisers are supposed to mark-to-market, but in practice, the pricing that they attach to private assets lag market changes.
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