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Talk Your Book: The Private Credit Opportunity Set

Animal Spirits Podcast

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Evolving Dynamics of Private Credit

This chapter explores the changing landscape of private credit, highlighting competitive pressures and investment trends in various market segments. It outlines the challenges faced by traditional banks, particularly in lending, while emphasizing the opportunities for private credit firms in lower middle-market deals. The discussion also covers the complexities of assessing late-stage venture-backed companies and the implications of current financial metrics and market dynamics on lending practices.

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