Goldman Demystifies Private Credit; BDCs Go Public
The Credit Edge by Bloomberg Intelligence
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Evolution of Corporate Credit Market and the Rise of Direct Lending
The chapter explores the changing dynamics of the corporate credit market, focusing on banks' adaptation to regulations and trends like syndicating loans. It delves into the growth of the direct lending market, discussing its advantages over traditional bank lending and the potential implications on liquidity premiums. The conversation also touches on the mainstream acceptance of private credit, highlighting the importance of credit discipline and underwriting in navigating market volatility.
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