The Meteoric Rise of Private Credit Funds
The Meteoric Rise of Private Credit Funds
(Originally Aired on Bloomberg Radio)
Eugene Grinberg, Co-Founder and CEO of SOLVE, with Tom Keene and Paul Sweeney on Bloomberg Radio. He explained where the private credit business fits into the fixed-income landscape and whether SOLVE is wary of a potential bubble within the booming asset class. “…if you look at Silas’s story, right, where they dug into the data, you have where the same loan is sitting in multiple investment vehicles. You have this disparity in opinion, which is over 40 points. You have a situation where three-quarters of loans that are in PIK, that are payment-in-kind, are still priced north of 95. So how’s that possible? Clearly there’s significant credit deterioration in the PIK loans, and it’s hard to see reality, it’s hard to see behind the curtain.”
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SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in fixed-income markets.
