'Alpha is Over' in Private Credit: DoubleLine's Cohen
Why it matters
DoubleLine'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.
Article tone
Expected market reaction
Market impact analysis based on bearish sentiment with 71% confidence.
Evidence trail
Evidence
AI provenance
Technical identifiers
- Provider tag
- groq-llama-3.1-8b-instant
- Analysis version
- groq-llama-3.1-8b-instant
- Article id
- 17030
Original source
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)
Read the full article on Bloomberg
Original article published by Bloomberg on December 2, 2025. Analysis and insights provided by AnalystMarkets AI.