3 days ago
Marathon's Richards Raises Caution on Direct Lending to Software Firms
Handing out private loans to software technology companies is not 'intelligent,' said Marathon Asset Management Chief Executive Officer and founder Bruce Richards, cautioning firms that can't make the artificial-intelligence transition will have a 'Blockbuster Video moment.'
'This is one sector that really causing me to take a lot of pause,' Richards said in an interview with Bloomberg Television on Tuesday. 'I think it's a great place to invest as private equity, but not such an intelligent place to invest if you are private credit capped at par on the software companies.'
