Exploring the rise of alternative capital sources as banks reduce lending, private credit financing has seen substantial growth over the last 5 years. Deals now offer lower leverage, around 20-30% loan to value, to protect against rate increases, with increased gross yields and equity kickers driven by supply-demand dynamics. The chapter delves into exit strategies, the success rate of companies seeking financing, and factors influencing investment team decisions, highlighting the resilience of venture capital and technology investments in challenging economic times.
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Bloomberg News National Security Reporter Daniel Flatley discusses the US House passing a bill to ban TikTok in the US unless its Chinese owner sells the video-sharing app. Bloomberg Businessweek Features Writer Ashlee Vance provides the details of his Businessweek story OpenAI-Backed Startup Is Building a Software Brain for Robots. Kyle Brown, CEO of Trinity Capital, shares why private credit could become a $2.3 trillion market by 2027. Bloomberg News Equality Team Reporter Simone Foxman and Garrett Dolan, Senior Manager of Human Resources at Tyson Foods, explain how Tyson is hiring New York immigrants for jobs no one else wants. And we Drive to the Close with Kathy Entwistle, Managing Director at Morgan Stanley Private Wealth Management.
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