Private credit is like where private equity was ten or 15 years ago. People are rotating from public into private for that pickup, because the they need that incremental yield and a low rate environment. There's not as many public companies as there were ten years agoas i'm sure you know,. There's actually twice as many private companies, and they're staying private longer. And then finally, you've got a grows of retail investors, or saying, hey, i neednt diversify my portfolio.

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