PDI Picks – 12/3/2018

The evolution of the GP-LP relationship in private credit


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The asset class has grown a lot in some ways over this credit cycle, but still has a way to go.

Next to a general partner’s boast about the width of their deal funnel and underwriting skills is the strength of their relationships with investors.

This will likely be critical in the growth of private credit as an asset class and a credit manager’s own growth, according to the limited partners polled in PEI’s LP Perspectives 2019 investor survey.