Private credit is an established and valuable asset class for yield-seeking investors. But some large blue-chip investment managers like Blackstone and Blue Owl have recently taken write-downs in their private credit offerings. The asset class remains strong, but certain private credit strategies are inherently flawed.   Private Credit Goldrush Prior to the Covid-19 pandemic, inflation and interest rates were very low.  Investors who traditionally would have held bonds for th

In the spring of 2023, Colin and I gave a talk at an investor conference that was entitled How to Not Get F***ed in Private Credit .  This was soon after several prominent Canadian credit funds made negative headlines for “gating redemptions”, meaning telling their investors that they could not have their investments back in accordance with the fund’s standard redemption terms.  Those investors may or may not have been able to get their money back by now.  (Okay, mostly not.)

2023-05-02 19:55:00.104 GMT By Paula Sambo (Bloomberg) — Canadian private credit firm Kilgour Williams Capital struck a partnership with...

Interest rates are low and it’s hard to generate investment income, but there are alternatives. Colin Kilgour recently joined the...