Being opportunistic in credit

Franklin Templeton, M&G and the panel look beyond direct lending to identify where there opportunities are in private credit.

Although there have certainly been some dark clouds looming over the private credit market, when there’s pressure there’s often opportunity.

Much of the growth in private credit has been led by direct lending, but what are the opportunities in areas such as distressed debt, special situations and asset-backed lending?

How are managers allocating and diversifying away from vanilla direct lending? And what do selectors need to be mindful of as new managers enter these asset classes?