News
August 2024
Joseph Weissglass Speaks with Bloomberg About the Rise in Trading for Private Credit Loans
Atlanta, GA — The trading of private credit deals may be on the rise. And, while the buying and selling of loans remains relatively rare in the $1.7 trillion private credit market, there are signs that transactions are picking up as investors seek the ability to swiftly enter and exit positions, be it due to liquidity constraints or a desire to free up capital for new investments.
While many view secondary trading as a natural evolution of private credit, not everyone is in support of the movement. Configure Managing Director Joseph Weissglass recently spoke to Bloomberg about increases in private credit loan trading.
“Borrowers don’t want [trading] because the expectation from most private credit borrowers is that they know and have a say in who holds the loan. Lenders that plan to sell down a portion of the position generally don’t like the idea of losing control of the sell down effort because they want to know who will be in the loan with them.”
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