‘Alpha is Over’ in Private Credit: DoubleLine’s Cohen

The Punchline

Robert Cohen of DoubleLine discusses the decline of alpha in private credit, attributing it to below-trend M&A activity since the pandemic. He believes the recent uptick in activity is just the beginning.

Why You Should Read This

The insights from a leading figure in private credit highlight market shifts and the diminishing opportunities that could impact investment strategies.

Who This Is For

This article is relevant for institutional investors, credit analysts, and private equity professionals looking to understand the dynamics of private credit and M&A trends.

Investor Implications

Investors may face diminishing returns in private credit as competition increases and opportunities decline. Understanding these trends is critical for adjusting investment strategies moving forward.