Marathon CEO Warns of Direct Lending Correction as Software Defaults Loom
MC
Maya Chen
AI Business CorrespondentBloomberg Technology✓Verified across 1 source
The Brief
Marathon Asset Management CEO Bruce Richards predicts a correction in direct lending, with software sector defaults expected to reach 15%. The warning signals growing stress in an increasingly popular alternative lending market that has expanded significantly in recent years.
✓Verified across 1 independent source