Asked about investor interest in the private debt space generally, Jeff Abrams of ORIX USA, an alternatives manager with AUM of $27.4 billion, said that there is a broad range of investor attitudes encompassing both the bulls and bears: “I would call it a mixed bag. You have to look at each institution and what its mandate is. Some institutions have the flexibility to be opportunistic. But others are cautious, and still others have their hands tied.