How to avoid the pitfalls of private credit investing

Private markets investor Hamilton Lane sees traps lying in wait for the herd of institutional investors rushing to buy private debt instruments in Asia. There is too much cash waiting to be deployed into distressed debt in China while mezzanine in Asia is too risky for the slim reward the product offers, Juan Delgado-Moreira, a managing director at the Pennsylvania-headquartered firm, told FinanceAsia, the sister publication of AsianInvestor, in an interview. His advice is to pi…