Private credit is getting squeezed by excess demand for limited deals, but AllianceBernstein says it will continue to pay more than publicly traded debt. “Even as base rates have come in, that premium remains fairly persistent,” said Matthew Bass, the firm’s head of private alternatives. “If the premium gets too small, then as an investor, you’re going to start to question: ‘Why am I locking my capital up?’,” Bass tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Tolu Alamutu in the latest Credit Edge podcast. Bass and Alamutu also discuss recovery in commercial real estate, asset-based finance opportunities by sector and the advent of exchange-traded funds for private debt.

<p>Private credit is getting squeezed by excess demand for limited deals, but AllianceBernstein says it will continue to pay more than publicly traded debt. &ldquo;Even as base rates have come in, that premium remains fairly persistent,&rdquo; said Matthew Bass, the firm&rsquo;s head of private alternatives. &ldquo;If the premium gets too small, then as an investor, you&rsquo;re going to start to question: &lsquo;Why am I locking my capital up?&rsquo;,&rdquo; Bass tells Bloomberg News&rsquo; James Crombie and Bloomberg Intelligence&rsquo;s Tolu Alamutu in the latest Credit Edge podcast. Bass and Alamutu also discuss recovery in commercial real estate, asset-based finance opportunities by sector and the advent of exchange-traded funds for private debt.</p>

The Credit Edge reviews the top credit news of the week and looks at the week ahead, with in-depth research of the most important corporate sectors, trends and themes. Analysis of specific corporate bonds and credit default swaps is backed by Bloomberg Intelligence's robust data sets and indexes.

<p>The Credit Edge reviews the top credit news of the week and looks at the week ahead, with in-depth research of the most important corporate sectors, trends and themes. Analysis of specific corporate bonds and credit default swaps is backed by Bloomberg Intelligence's robust data sets and indexes.</p>

The Credit Edge by Bloomberg Intelligence

AllianceBernstein Says Private Debt Will Keep Its Edge

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/34580a43-8553-4ca5-a390-b2980125854e/transcript