Why Portfolio Construction Matters: Introduction

What makes for successful portfolio construction in private credit? The issue carries more urgency amid current public market turmoil. Leveraged loans will always be in a non-investment grade risk bucket. Middle market loans, being less leveraged and covenanted, are a more conservative play, but recessions will always test borrowers no matter how creditworthy…

▶︎ Read June 13 2022 newsletter: here

▶︎ Chart of the Week: here (by Bloomberg, UBS (courtesy The Daily Shot))

(Any “forward-looking” information may include, among other things, projections, forecasts, estimates of market returns, and proposed or expected portfolio composition Past performance is no guarantee of future results. Investing involves risk; principal loss is possible.)