KKR Calls Credit's ‘IPhone Moment' as Public, Private Markets Meld
The lines between assets classes are being blurred like never before as corporations search for new ways to raise cash. With public and private markets converging, says KKR & Co., a seismic shift is happening that will make 2025 credit's 'iPhone moment.'
'The launch of the iPhone wasn't just the debut of a new product; it was the dawn of a new paradigm,' according to Christopher Sheldon, co-head of credit and markets at KKR and Tal Reback, director of credit and markets at the firm. 'The global credit markets are undergoing their own transformation.'
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