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When private credit cockroaches spread, LIONS hold their ground
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1 Articles
When private credit cockroaches spread, LIONS hold their ground
By Felipe Berliner, co-founder and head of structuring at Gemcorp On an earnings call last October, JP Morgan CEO Jamie Dimon offered a blunt assessment of fractures in US private credit: “When you see one cockroach, there are probably more.” Unease has grown this year. Concentration in software and technology – sectors existentially threatened by AI disruption – has left many developed market loan books vulnerable. Meanwhile, payment-in-kind in…
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