Tsao family office CEO flags private credit's systemic risks
The Singapore family office hasn't abandoned the booming asset class but slipping covenant standards are a growing concern.
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Global private credit has surged in recent years, attracting investors seeking yield amid tighter bank lending and shifting interest rate expectations. Yet the market is far from uniform, spanning a wide spectrum of strategies with very different risk profiles, according to Bryan Goh, chief executive officer of the Tsao Family Office in Singapore.
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