Pensions & Investments Article: ‘What’s old is new again.’ Private credit opens doors for emerging managers.
In a recent Pensions & Investments article, Colin Meadows and Kenneth Saffold of o15 Capital Partners share insights on the opportunities and challenges for emerging managers in the expanding private credit market. The article explores how institutional investors are increasingly allocating to newer, smaller firms in search of differentiated strategies and influence in governance.
Key Takeaways:
Large pension funds are looking to allocate to emerging managers in private credit, given the little competition firms face within their niche and the potential to influence governance.
Emerging private credit managers point to the track record and collective experience of their colleagues with pedigrees that include Apollo Global Management, BlackRock and GE Capital.
Firms noted there are challenges in getting asset owners to see potential in smaller firms, while they’re also constrained with resources and sometimes as first-time business owners.
Firms also shared successes in raising capital, deploying capital and adding talent, while sharing hopes of increasing relevance and opportunities to scale or partner in the industry.
o15 Capital Partners is featured among the firms helping shape this evolving landscape, bringing deep experience in credit structuring and a focus on expanding access to capital.
Read the full article on Pensions & Investments →
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