But businesses will always need to borrow cash to run.
It’s been a smart bet for money managers.
Investment firms are eating into banks' long-held position as the main source businesses tap for cash.
Managers say they’re helping support the economy, offering businesses much-needed capital.
Weaker companies would ultimately impact investors in those pension funds, endowments, and other big pools of capital.
“That may have to do with the throw in of portfolio that we’ve been curating versus others.
But thus far, we haven’t seen the stress.
We would expect some at some point.”
Data providers and asset managers still expect the global debt market’s growth to multiply.
Lawyers such as Proskauer’s Justin Breen have been among the go-to attorneys in the private-credit space.
There’s a lot of money in the business of negotiating loans outside the banking system.
Publicly traded business-development companies' management teams hold earnings calls with Wall Street analysts.
