An Attractive Environment for Private Credit
- Higher base rates and wider spreads have been generating higher yields in non-investment grade private credit.
- Returns have increased from 7.2% to 12.5% since 2021.
Yields for non-investment grade direct loans
Blackstone Credit Private Credit data as of June 2023. Includes upfront fees/OID and assumes average hold of 3 years. Assumptions based on market terms.
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