Breaking into to the credit market

The credit market is seeing huge activity, in part due to large price drops driven by the COVID-19 crisis. Alternative managers are responding by launching new credit funds or opening SMAs. But the credit market is opaque, and launching new funds in times of high volumes can strain internal operations and resources. FIS’ Andrew Bateman and Kelly Faykus look at the challenges – and rewards – facing managers as they move into private debt and credit space.