LOCKED Deep Dive from Julian – “Bezzles” And Why You Should Care About Leveraged Loans

Last November, I wrote about shale as a “bezzle”. This month I want to highlight the rise of leveraged lending as another potential “bezzle”. Leveraged lending and the associated CLOs which buy the loans have been critical to financing the Private Equity buying spree we have had. How robust will this financing be if we have an economic downturn?

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