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Private equity managers are building war chests as they prepare for the market to sink, but forecasting when it will happen is tricky.
The Swiss firm is targeting senior secured loans, but it will also make investments further down the capital stack such as mezzanine debt and of an opportunistic nature, such as rescue financings.
Private equity managers are building war chests as they prepare for the next market downturn, but there is no telling when that might be.
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