Today, there are really no banks that we're seeing either thinking about entering the market, let alone pulling back from direct lending. The economics of middle-market lending are not particularly compelling for banks,. They'd rather underwrite a deal, distribute it to investors, hold zero of the loan. And generate a much higher return on equity. Still the golden age of private credit. Very much so.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode