Matthew Bass

Jan 14, 2025 | advisorpedia.com | Matthew Bass |Alliance Bernstein

Written by: Matthew D. Bass The market for private credit has expanded rapidly in recent years. We expect this growth to persist as lower interest rates boost transaction volume and private financing options evolve to include a wider array of asset classes and risk/return profiles. There may be some short-term bumps in the road. While the global economy performed admirably in 2024, with GDP growth likely to weigh in at around 2.6%, the range of potential outcomes in the year to come remains wide.

Jan 14, 2025 | advisorperspectives.com | Matthew Bass

The market for private credit has expanded rapidly in recent years. We expect this growth to persist as lower interest rates boost transaction volume and private financing options evolve to include a wider array of asset classes and risk/return profiles. There may be some short-term bumps in the road. While the global economy performed admirably in 2024, with GDP growth likely to weigh in at around 2.6%, the range of potential outcomes in the year to come remains wide.

Oct 15, 2024 | advisorperspectives.com | Matthew Bass

Autumn leaves—and interest rates—have started to fall. Yet investors are entering the home stretch of 2024 with some spring in their step—with good reason. While growth is slowing, it’s doing so at a gentle stroll, not a rush to recession. We think that more clarity on the path of rates will boost investor confidence and support capital formation and transaction activity across private markets.

Jul 16, 2024 | advisorperspectives.com | Matthew Bass

Competition for capital is heating up with the weather—a trend we expect to continue in the second half of the year as banks attempt to regain market share. But investor demand for private credit remains high, and we expect it to rise as the opportunity set continues to expand beyond corporate credit.

Apr 9, 2024 | advisorperspectives.com | Matthew Bass

More clarity on interest rates means more clarity on the investment outlook and the opportunities across private markets. When it comes to the cost of capital, “higher-for-longer” has been the dominant theme in markets for at least a year now. And it’s likely to remain so—even if central banks deliver a handful of expected interest-rate cuts in the months ahead. Stubbornly high borrowing costs and sticky inflation will put pressure on cash-flow stability and on some asset valuations.