Private Equity

LCM boss warns private credit firms: Don’t ‘screw it’ for everyone else

Paul Burdell fears ‘aggressive leverage’ and says the industry has not yet been ‘truly tested’

The head of the Brookfield-backed private credit manager says firms are onto a good thing, but risks abound
The head of the Brookfield-backed private credit manager says firms are onto a good thing, but risks abound

The boss of LCM Partners has urged firms piling into private credit not to “screw it” for the rest of the sector, as regulators sharpen their focus on the booming asset class.

“If you are getting too aggressive on leverage and you don’t take into account the downturn, you can screw it for everyone else,” Paul Burdell told Financial News.

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