'Alpha is Over' in Private Credit: DoubleLine's Cohen
Market Intelligence Analysis
AI-PoweredDoubleLine's Robert Cohen believes the alpha in private credit has largely disappeared, citing a brief opportunity in 2020 when public markets were shut, and current M&A activity is just the beginning of a trend.
Market impact analysis based on bearish sentiment with 71% confidence.
Article Context
Robert Cohen, Director of Global Developed Credit at DoubleLine, says M&A has been below trend since the pandemic and the current pickup is just the beginning. He tells Romaine Bostick and Katie Greifeld on “The Close” that the alpha in private credit is largely gone, noting the best opportunity came in 2020 when public markets were shut and private credit was the only source of capital. (Source: Bloomberg)
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