It's a lot like the 2008-2009 financial crisis, except when it isn't. Searching for comparisons to help map a trajectory out of the economic doldrums created by COVID-19 is only natural (and prudent), but the nature, speed and scope of the crisis presents a different and more complex challenge than a decade ago, especially for private debt.
Preqin, a UK-based data and analytics company that tracks the alternative asset community, released a report in late May outlining the lessons it feels should be learned by the private debt market during the pandemic.
Compared to 2008-2009, the private debt market is significantly (37%) larger and more diversified now, and although many credit the financial crisis with birthing the modern private debt market, the pandemic is where it grows up.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Patrick Smith
Patrick Smith, based in New York, covers the business of law, including the ways law firms compete for clients and talent, M&A and corporate work, leadership and marketing innovation. Reach him at [email protected] or on Twitter at @nycpatrickd
