Akerman Investment Funds Practice Chair Christopher Mendez was quoted in Creditflux magazine's article "Trading Private Credit: A Market Evolution or a Risky Mutation?", offering his perspective on the growing secondary market for private credit.
The article examines whether the emergence of secondary trading in direct lending represents a natural evolution of the market or a structural shift that could undermine what makes private credit unique. As banks and alternative asset managers increasingly set up trading desks to facilitate loan sales, the article explores the opportunities and tensions that secondary activity creates for managers, borrowers, and investors alike.
Christopher noted that portfolio complexity is a key driver of the trend. He said, "Portfolios are certainly getting larger and more complex. Managers increasingly need at least portfolio management flexibility — as you would expect, secondary activity is a natural consequence of that."
Christopher's commentary reflects the strength of Akerman's Investment Funds Practice, which advises private fund managers on fund formation, regulatory compliance, and a broad range of investment management matters.