Managing Director, Head of Portfolio Strategy & UBS Wealth Way Solutions Americas, Chief Investment Office at UBS
A post GFC shift in supply and demand dynamics coupled with more companies staying private for longer, has resulted in a boom in private lending. The tremendous asset growth raises the question of if a bubble may form. While the fundamentals remain strong for most middle to upper maket loans, older loans may face pressure to service debt from higher rates. It is critical to remain selective with lenders with a proven track record of strong underwriting standards. See further insights in my interview with Financial Planning.
People have piled money into private credit in recent years. Many advisors say that’s not necessarily a bad thing, as long as investors are taking care to be selective. With insight from: UBS Chairman Colm Kelleher; Daniel Scansaroli, Ph.D., the head of portfolio strategy at UBS Global Wealth Management; Ashwin Krishnan, the co-head of North America private credit at Morgan Stanley Investment Management; Scott Bishop, CPA/PFS, CFP®, a partner and managing director at Presidio Wealth Partners; Noah Damsky, CFA, a principal at Marina Wealth Advisors. #investments #wealthmanagement #financialplanning #financialadvisors #advisors #lending #UBS #MorganStanley