Private Credit

Policy uncertainty, federal funding cuts, and volatile markets have spurred many investment boards to fixate on liquidity. Take courage: You can sell out of private credit positions—and not just to secondaries funds.

Sports teams’ capital needs are often best served by asset-based finance, such as media rights and infrastructure transactions, rather than corporate debt. We look at some case studies in sports lending and, more broadly, how to think about ABF allocations in portfolios.