HarbourVest Expects Private Credit Secondaries Volume to Double

About this episode

The episode discusses the expected doubling of private credit secondaries volume and the current market conditions.

Secondary trading of private credit is on track to more than double last year’s record volume, according to HarbourVest Partners. “Through the first quarter we’re run-rating above $50 billion this year,” Greg Ciesielski, the $150 billion global private markets firm’s head of credit secondaries, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Jean-Yves Coupin in this episode of the Credit Edge podcast. “It’s certainly a buyer’s market at the moment, which is what you generally see in dislocation,” he adds. They also discuss the impact of private credit stress on pricing, opportunities to buy assets from business development companies and how HarbourVest uses AI for valuation. See omnystudio.com/listener for privacy information.

People in this episode

Hosts: James Crombie, Jean-Yves Coupin

Guest: Greg Ciesielski

Topics covered

• private credit
• secondary trading
• market trends
• AI in finance
• asset valuation

Keywords

• private credit
• HarbourVest
• secondary trading
• market dislocation
• AI valuation

Mentioned in this episode

Organizations: HarbourVest Partners, Bloomberg News, Bloomberg Intelligence

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