Читать книгу Alternative Investments 2.0 - Группа авторов - Страница 35

We observe that the deal volume for direct lending into complex situations is relatively consistent through an economic cycle with a potential uptick during a downturn. Complex situations arise through idiosyncratic as opposed to systemic risk. For secondary transactions, the deal volume will significantly increase during periods of market volatility and is heavily timing dependent.

For the reasons exposed above, we deem it important to diversify across different credit strategies within opportunistic lending to achieve target returns throughout the cycle, while accessing enhanced deal flow and returns during a market downturn.