Jon Rash Discusses Navigating High-Interest Rate Environment in The Wall Street Journal

In The Wall Street Journal’s Private Equity Pro newsletter, asset management partner Jon Rash provided insight into effective strategies for private lenders navigating high interest rates.

“The managers with the most flexible capital are in the best position to outperform their peers,” he said. “In recent years, we have seen an increase in ‘evergreen’ private credit funds. These funds have indefinite terms, which allow private fund sponsors to use investor capital over a much longer period of time than is possible in a traditional closed-ended structure.”

“In the absence of artificial time pressure to realize assets, the fund sponsor can be optimally patient and strategic in its decision-making. This is a critically important feature that can help the fund navigate turbulent periods efficiently and with an eye to maximizing long-term returns,” Jon noted.