Pragmatic Steps Highlight Syndicated Loans' Latest Tech Push, Part II
Learning from previous efforts, incremental steps are now realizing significant benefits for the space — which, sources on both the buy and sell side say, is just what the doctor ordered as new, less experienced investors ponder entry. Tim Bourgaize Murray continues with the second half of the story.
Part one of this two-part feature highlighted several aspects of the loan market—settlement, custody and communications—as points of pain.
As the industry looks to solve them, the ultimate goal, sources tell Waters, is to create the space for legitimate buy side–sell side engagement, by lightening the burden one little piece after another. In some ways, it's a new tack.
As CVC Credit Partners’ Philip Raciti puts it, more needs to be tried to get the easy stuff—and excuses—solved for. “We see the
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