For any GP worth their salt, a sales pitch with a #zeroloss #proposition, but not backed up by any bona-fide guarantee to that effect, should always be promptly dismissed. That #privatedebt became a $2.5 trillion (🤦‍♂️!) "asset" class says a lot about the liquidity-driven madness in #global #investment #markets - sad.⚠️

Private debt bumps up against managers’ #competence
"The sales pitch that #privatecredit is somehow a zero-loss proposition looks increasingly questionable"👎
https://www.asiaasset.com/private-markets/private-debt-an-asset-class-that-seems-to-be-outgrowing-its-practitioners-competence/