MSN Quotes Benesch’s Seth Kleinman on Rising Loan Costs for Private Credit Funds

Vice Chair of Benesch’s Restructuring & Bankruptcy Group, Seth Kleinman, was recently quoted in an MSN article examining how U.S. banks are increasing borrowing costs for private credit funds amid growing concerns around asset valuations.

The article highlights a shift in the lending environment, as banks take a more cautious approach due to uncertainty in sectors such as software and broader questions around credit quality. This tightening is driving higher financing costs and could impact returns for private credit funds, signaling a broader change in market conditions.

Kleinman commented on the evolving landscape, noting:
“Now people have questions about valuations that they didn’t necessarily have six months ago. The questions are stressing the banks in terms of how much they’re willing to lend.”

More: Banks reportedly charging more for loans to private credit funds