Thomas Kyriakoudis is a Partner and Co-head of credit solutions at LGT Capital Partners and he is responsible for managing the private credit exposure of the LGT endowment.
Recently, rapid increases in interest rates, the reversal of QE and well publicised banking failures are having a profound impact on assets in the private credit industry. The balance of supply and demand has altered in favour of lenders and away from borrowers.
As some companies come under pressure from higher rates combined with cost inflation there is likely to be more opportunity to invest in the stressed/distressed credit market.
There are also a number of opportunities emerging from providing liquidity to the very large amount of capital in existing PE funds where exit activity is significantly reduced. This would include product like NAV lending.
Thomas will present on the emergence of NAV based financing as an investment opportunity and the key considerations for investors at Global Investment Institute’s upcoming Private Credit Roundtable, taking place on Thursday, 4 May 2023 at The Residence - Grand Hyatt Melbourne, Victoria.
Registrations close this week. To register your interest in attending, click here or for more information email zlatan.kapetanovic@globalii.com.au.
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