Davis Polk Restructuring Group co-head Damian Schaible and partner Darren Klein were quoted in a recent Petition article discussing potential 2021 credit market cycle trends. Schaible discussed potential themes including the continued rise of the institutional investors, like CLOs and traditional money managers. Klein said he expects 2021 will be a year of macro-economic themes, noting that many companies were able to tap the capital markets in 2020 to extend their liquidity runway, and the speed of economic recovery will determine whether that runway is sufficient.

“What to Make of the Credit Cycle: Pros Say II,” Petition (December 9, 2020)

Copy link to share post