Speaking at SuperReturn International in Berlin, managing director Tod Trabocco discussed the dramatic increase in direct lending allocations and how it is one of the private fund market’s busiest corners today. Trabocco, co-chair on Cambridge Associates’ Credit Investment Research Committee and co-leader of the firm’s Credit Investment Group, explained how direct lenders are starting to differentiate themselves, where some “aim for geographic regions or industry sectors, others by adding leverage or not having it, and others by concentrating on corporate borrowers of a particular size.”

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