jpmorgan迟到是直接贷款可能会很好

JPMORGAN Chase＆Co.的资产管理集团迟到了中期市场直接贷款，这是替代日期的最快发展领域，占全球大流行。但延误可能最终帮助资产经理在今年早些时候袭击自大流行以来，这一部门在这一部门出现了很多问题。

J.P.摩根资产管理在近几个月内促进了私人信贷投资的资金。5月，资产经理推出了一个房地产信贷机会基金，据A表示，在公共和私营市场的脱位上寻求30亿美元的利润。彭博会报告而且它有大量的干粉，即第四季度的特殊情况基金闭幕。

梅根麦克莱恩，私信within the bank’s global alternatives group, explained that lenders to midmarket companies will need to take a distressed approach to individual situations going forward. McClellan added that the direct lending sector will continue to grow post-pandemic as companies try to get back on their feet. Among other things, private loans can be structured more creatively than broadly syndicated bank loans. “If you think about it from the borrower’s perspective, the great thing in private markets is that you know your counterparties,” she said.

随着越来越多的贷款人自2008年以来进入该部门，对交易上涨的估值和贷款条款对借款人来说更具吸引力，对许多贷方留下了一些保护。

[II深潜：私人债务基金的战争]

J.P.摩根资产管理估计，75％的私人债务组合公司可能需要新鲜的金钱来保持漂浮。近年来一直袭击的许多交易都是高风险和债务。

Citing an estimate from Moody’s Investors Service last year, J.P. Morgan Asset Management says that the recovery rates on first-lien loans may decline to 61 percent, down from the historical average of 77 percent. Recovery rates over the 12 months through May were 45 percent for first-lien loans and 15 percent for high-yield bonds.

麦克莱伦说,这些贷款有很多小客户hion to help in a recovery. “We’re at the tip of the iceberg right now. It takes a while to flow through. In public markets, prices adjust quickly. In private markets, there’s a lag in reporting. But it feels like there is more to come,” she said.

因此，资产经理希望在接下来的六到18个月内以直接的贷款能力设置。

“金钱将被涌入刚才不会成为它的公司，”麦克洛兰表示，加上“PANTIMAX PANTEMISP，直接贷款看起来饱和”。

“现在，风险奖励档案是引人注目的，更多的资金将从公共场合转向私人房地产或公司，”她说。“投资者无法找到收入。”