CEO Jon Caplis sat down with Bloomberg to discuss institutional investor interest in credit, particularly distressed, hedge funds. Allocators are conducting due diligence now, with an eye toward putting capital to work in Q3 2020, and beyond.
“Everyone believes that distressed will have tremendous opportunities in the next six to 18 months,” said Caplis, noting that most defaults won’t happen until the second half of the year. “The consensus among investors is that they don’t need to rush.”