Benesch Partner Seth Kleinman Quoted in Reuters on Rising Borrowing Costs for Private Equity Funds

Benesch Partner Seth Kleinman, vice chair of the Restructuring & Bankruptcy Group, was quoted in the Reuters article, “U.S. Banks Raising Borrowing Costs for Private Credit Funds as AI Fears Pummel Valuations.” Kleinman addressed the current market uncertainty, noting, “People have questions about valuations now that they didn’t necessarily have six months ago. Those underlying questions about valuations are really stressing the banks in terms of how much they’re willing to lend.”

More: US banks raising borrowing costs for private credit funds as AI fears pummel valuations, sources say | Reuters