In the past decade, the opportunities for private debt have grown significantly. When banks changed their lending criteria after the 2008 financial crisis, it created a lending vacuum that the alternative asset market has been able to neatly fill.
For General Partners, the situation presents attractive opportunities, but it’s not without its challenges. Debt funds add a layer of complexity to an asset class that is already burdened with growing administrative requirements.
To ensure success, managers need to examine their back-office expertise and processes to make sure that they’re capable of supporting this complex and administration-heavy strategy. For these reasons, many firms are opting to outsource fund administration to be certain that they have the best experience on hand to adequately administer their funds.
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