As the private credit market has grown and matured, funds are finding new ways to generate liquidity from their investments as traditional exit routes – M&A and IPOs – have been subdued over the past couple of years. Although a nascent market, credit secondaries are increasingly providing creative opportunities for seasoned investors to acquire private credit assets at discounted prices.
LFI spoke to Olga Kosters, head of credit secondaries and managing director of liquidity solutions at Antares Capital, which recently closed a $1.2bn continuation fund, to gain insights into the current credit secondaries landscape and provide a glimpse of what may lie ahead.
LFI: What is driving the interest and growth in the private credit secondaries market?
Kosters: Private credit secondaries has grown and developed to $1.7trn in assets under management, but it’s much smaller compared to private equity secondaries….
