Stuart Aronson, CEO of WhiteHorse U.S., and Pankaj Gupta, President and global head of originations, dive into the future of lending as we approach 2025. They discuss how interest rates and private equity will influence acquisition activity, highlighting a cautiously optimistic outlook. The duo also analyzes shifts in underwriting standards, potential economic challenges, and emerging credit structures in sponsor vs. non-sponsor markets. Their insights reveal a dynamic landscape with evolving risks and opportunities for investors.