Credit Markets Update - February 2024

• As we head into 2024, recessionary fears have begun to dissipate, and macroeconomics conditions have undoubtedly improved over the last few months. Investors who largely remained on the sidelines in 2023 to monitor credit conditions and their portfolio are now flush with dry powder and eager to put their capital to work in 2024.
• Despite volatile pricing in 2023, pricing stability was restored following indications from the Federal Reserve that it likely reached the peak of its tightening cycle. While it is expected that interest rates will remain static in the near-term, there is anticipation that rates may improve in 2024.
• January and February 2024 have seen an uptick in deal flow and activity as the sentiment in the market amongst lenders is that 2024 will be a stronger year for the M&A and credit markets.

We hope you find this information valuable, and as always, feel free to reach out if you would like to discuss in further detail. To read the full report, download the PDF below.