Greg Forde comments on the impact of ‘shadow bank’ lending for pension schemes in The Daily Telegraph

In a Daily Telegraph article around pension schemes in the UK investing in private credit funds, Greg Forde, partner and deal, debt and capital advisory expert at BTG, provides insight into the volatility of the ‘shadow banking’ area of the financial market.

With questions being raised around the stability of the shadow bank lending, the article outlines the concern for pension funds investing in this area. The article notes that it is a delicate time for global markets, and that there have been a number of bankruptcies for US companies heavily reliant on this private credit.

Greg commented:

“One of the reasons why private equity share prices have been decreasing so much is that there is something amiss in the wider economy that’s going to break soon. I don’t think anybody can quite put their finger on what it is.

“You’ve seen gold surge and the debasement of wider currencies, so there’s something wider. Something’s going to happen.”