As always there are lots of subsector and geographic details. For example, there is a bifurcation in industrial properties, with smaller spaces at significantly lower vacancy.
Fantastic digest! The TCP NAV markdown is definately a warning shot for private credit investors - that 19% drop in a single quarter is wild even with fee reductions. I've been tracking BDC performance for my portfolio and this reinforces why liquidity monitoring is so crucial right now. The point about secondaries becoming institutionalized makes alot of sense, especially with mega platforms competing for capital bringing potentialy lower fees for LPs.
As always there are lots of subsector and geographic details. For example, there is a bifurcation in industrial properties, with smaller spaces at significantly lower vacancy.
Absolutely! CBRE publishes reports by geography and asset class - those are pretty detailed.
Fantastic digest! The TCP NAV markdown is definately a warning shot for private credit investors - that 19% drop in a single quarter is wild even with fee reductions. I've been tracking BDC performance for my portfolio and this reinforces why liquidity monitoring is so crucial right now. The point about secondaries becoming institutionalized makes alot of sense, especially with mega platforms competing for capital bringing potentialy lower fees for LPs.