Private credit fuels founder buybacks ahead of public listings

“Credit is increasingly being used as a flexible pool of capital to capture these opportunities and, in some cases, provide exits to investors, especially as public/IPO markets face headwinds,” said Aakash Desai, chief investment officer (CIO) and head of private credit at 360 ONE Asset, which closed its fifth private credit fund with a corpus of $400 million earlier this week. “We see this trend returning in a big way and continuing as we allocate more capital to finance these types of transactions.”