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The Impact of More Restrictive Financing Conditions on Returns
The private credit market has seen growth in recent years and its returns are now approaching that of private equity. I'd like to hear from both you on why you think we've seen this growth and what your outlook is for the private credit market going forward. Katie, do you care to share your thoughts regarding how more restrictive financing conditions might contribute to ROI?Patrick: For every investment, it's always about finding the optimal capital structure but lower leverage levels will have a direct impact.