Pimco's Stracke Says Wealth Firms Retreating from Private Credit
Wealth managers are pulling back from private credit investments following unexpected exit restrictions imposed by major direct lending funds earlier this year. In response, these firms are actively seeking alternative investment strategies to diversify their portfolios and reduce exposure to illiquid assets.
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Pimco’s Stracke Says Wealth Firms Running Shy of Private Credit
Wealth managers are increasingly withdrawing from private credit investments following unexpected exit restrictions imposed by major direct lending funds earlier in 2024. These restrictions have prompted wealth firms to seek alternative investment strategies as they reassess their exposure to the private credit market.
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