Copyright Bloomberg
Recent failures in the credit markets, including First Brands Group and Tricolor Holdings, have fueled a frenzy around how much risk is sitting in private debt portfolios. But for Ares Management Corp. executives, the losses actually make private credit look good, while presenting an opportunity to snag more deals. Neither of the collapses are “really impacting our market that much so far,” Kort Schnabel , the chief executive officer of Ares Capital Corp., said on an earnings call for the asset manager’s publicly traded business development company on Tuesday.
