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The Rise of Sponsor Activity in Healthcare
The sponsor activity in healthcare more broadly, very active in sectors. But traditionally where there's been more activity has been on the specialty pharma and generic side. So we're still seeing sponsors there, but less activity than we had previously. There's actually a new pocket of activity, which is really interesting on the life sciences side. Vito: Private equity benefited from having access to direct loaders as they think about portfolio company additions or smaller transactions.