Based on the search results, here are some challenges that private debt managers face when reporting performance to investors:
- Illiquidity: Private debt loans are often less liquid than broadly syndicated loans, which can make it difficult for managers to provide accurate and timely performance reporting to investors 1 .
- Lack of available data: The lack of available data in the private debt market can make it difficult for managers to provide complete and accurate performance reporting to investors 1 2 .
- Complexity: Private debt investments can be complex, which can make it difficult for managers to provide accurate and understandable performance reporting to investors 3 .
- Asymmetry of information: There is often an asymmetry of information between investors and private debt managers, which can make it difficult for managers to provide complete and accurate performance reporting to investors 3 1 .
- Backward-looking analysis: Private debt managers typically use backward-looking analysis to present performance and attribution reporting to investors, which can make it difficult to predict future performance 3 .
In summary, private debt managers face challenges related to illiquidity, lack of available data, complexity, asymmetry of information, and backward-looking analysis when reporting performance to investors. By addressing these challenges and providing transparent and accurate performance reporting, private debt managers can help investors make informed investment decisions and protect themselves from the risks associated with private debt investments.