In our view, 2024 could extend the trend of rewarding years for investors in direct lending strategies. High interest rates in 2023 cooled deal activity, which had hit record levels in 2021 and 2022.
Direct lending funds had a higher internal rate of return than mezzanine and distressed debt private credit funds across most time frames for periods ended Sept. 30. Direct lending’s five-year IRR was ...
Aliss Higham is a Newsweek reporter based in Glasgow, Scotland. Her focus is reporting on Social Security, other government benefits and personal finance. She has previously extensively covered U.S.