Public credit markets in Europe and the U.S. are now confronted with the burgeoning influence of private credit, reaching a formidable $1.5 tn to $2 tn AUM and standing shoulder-to-shoulder with the U.S. high-yield and loan markets. European companies, shaped by decisions in the low-interest-rate era, find themselves nearing a maturity wall amid fluctuations in interest rates. TCW analysts Michael Carrion and Russel Higgins delve into how #privatecredit investors are providing creative solutions for companies in need of cash – and some of the pitfalls and long-term consequences. Read more: https://tcwgrp.com/kTsDlw