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Bill Sacher
Partner & Head of Private Credit
James Charalambides
Partner & Head of European Private Credit
Leland Richards
Partner, Private Credit

The popularity of the direct lending market is likely to be structural and long-lasting, say Adams Street Partners’ Bill Sacher, James Charalambides, and Leland Richards to Private Debt Investor (PDI).

“Despite the variety of alternative structures, we believe plain vanilla senior term debt remains one of the most compelling areas for investors. This segment of the market is yielding very close to 12 percent, a level not seen for well over a decade. Senior term debt is also in the safest part of the debt capital structure. The twin benefit of high yields and defensive position make senior term debt a very hard proposition to beat, particularly in highly uncertain times.”
Bill Sacher, Partner & Head of Private Credit

Learn more about Adams Street’s perspective in the full article titled, “Shift to Private Debt Represents ‘A Step Change’” in the April issue.

Read the Full Article

Important Considerations: This information is provided for educational purposes only and is not investment advice or an offer or sale of any security or investment product or investment advice. Statements are made as of the date hereof. References herein to specific sectors or strategies are not to be considered a recommendation or solicitation for any such sector or strategy. While Adams Street believes in the merit of private market investing, such investments are nevertheless subject to a variety of risk factors. There can be no guarantee against a loss, including a complete loss, of capital. Past performance is not a guarantee of future results. Projections or forward-looking statements contained herein are only estimates of future results or events that are based upon assumptions made at the time such projections or statements were developed or made, and actual results may be significantly different from the projections. Also, general economic factors, which are not predictable, can have a material impact on the reliability of projections or forward-looking statements. Adams Street Partners, LLC is a US investment adviser governed by applicable US laws, which differ from laws in other jurisdictions.