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The Insight: Conversations – Performing Credit Quarterly 1Q2023
The Memo by Howard Marks
The Long Term Implications of Private Lending
The private lending industry has only looked like it does today over the last, let's say, 12 years. The current version of private lending was invented because the banks left a void after the global financial crisis. Some managers will be exposed and their activities may be curtailed leading to reduced competition among lenders.
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