Based on the search results, here are some warning signs that a private debt manager may not be transparent or forthcoming with information:
- Lack of transparency: Private debt managers who do not provide adequate disclosure about their investment strategy, portfolio holdings, fees, and risk management procedures may be a warning sign for transparency issues 1 2 3 .
- Illiquidity: Private debt loans are often less liquid than broadly syndicated loans, which can make it difficult for investors to understand the level of risk in the market 2 .
- Lack of available data: The lack of available data in the private debt market can make it difficult for investors to evaluate the level of risk and who holds it 2 3 .
- Difficulty assessing risk: Assessing the risk of private debt investments can be difficult due to the lack of transparency and available data, which can be a warning sign for transparency issues 4 .
- Lack of compensation: Family offices who are not getting compensated for the lack of transparency in private debt investments may be a warning sign for transparency issues 5 .
In summary, family offices should watch out for warning signs such as lack of transparency, illiquidity, lack of available data, difficulty assessing risk, and lack of compensation when evaluating the transparency of private debt managers. Family offices should conduct thorough due diligence and ask specific questions to ensure that private debt managers are transparent about their investment strategies and activities.