Why I Am Buying Private Credit

As public SEC filings show, I have been buying shares of New Mountain's private credit arm for my own account, even as the recent press and political commentary about private credit as an asset class has been exceptionally negative. Without commenting on any specific private credit firm by name, let me explain why I believe the private credit sector has been "oversold." Private credit, as an asset class, began to flourish following the 2008 financial crisis, when the traditional bankin