The Next Wave of Private Credit
Business
The collapse of First Brands demonstrates some of the challenges of private credit, while its use continues to expand. With standard cash-flow-based lending to corporate borrowers slowing, private equity firms and other private credit lenders are looking to collateral as a financing basis. That collateral, while typically consisting of assets like consumer and auto loans and aircraft leases, now extends to intellectual property rights as well as data center and energy infrastructure.
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