Financials
Private equity credit is in the early innings for a structural shift, taking share from the troubled regional banks and positioned for a substantial increase in investor allocation. There are excess returns available and one would assume the ability to raise even more AUM. With a history of attractive returns in private credit alternative asset managers like ARES have proven they are excellent businesses. The bet is AUM growth beating expectations and Abacus believe this is the perfect environment for this to happen.
Edition: 168
- 01 September, 2023