Private Equity Financing - What's Going to Change the Market?

Stefan: There's a very well-functioning financing market in corporate investment grade. Many corporates carry very high cash balances relative to history, and that gives them strategic flexibility. We don't need interest rates to go back to where they were to have a robust private equity M&A market. Avoiding hung deals as their call is the key to returning to what I'll call robust and reasonable financing markets. And when financing markets settle, there will be greater confidence in where debt can clear.