2021 has felt a lot like being in the eye of a storm, as government interventions put calm to the turbulence caused by the onset of the coronavirus.
Credit markets have been particularly calm, unaffected by most of the biggest pockets of volatility and the small bubbles we’ve seen inflating and popping.
But nobody is in doubt that there is plenty of risk on the horizon, with the virus still circulating and government support due to recede, credit managers have had to fortify and protect their gains and positions and prepare for the next wave of risk and opportunity.
All this volatility has come at a time when the credit fund industry is going through some fundamental shifts of its own, the rise of private credit as its own asset class among investors is becoming the norm rather than the exception. This in turn is helping to fuel a shift in the way companies are financing themselves.
With all this in mind, this year the Alt Credit US Awards recognized those private debt managers and credit hedge funds that have best been able to take advantage of the opportunities that have arisen and avoided the pitfalls.
Private debt categories themselves were tweaked to better focus on the range of strategies available as now seasoned private credit investors look to diversify existing allocations buckets.
This year we made some slight tweaks to the awards line up, with opportunistic credit funds recognized in their own right, as a host of funds have come to the fore to take advantage of dislocations in traded credit markets, while also being able to source private deals of their own and invest through any recovery.
The Awards Ceremony
We are delighted that the 2021 awards took place in-person on Wednesday, October 27th 2021 at the Metropolitan Club, New York.
We loved welcoming you in-person again and we hoped you enjoyed the night and felt secure with our covid protocols in place.