Private Credit, Meet “Higher for Longer”
Blackstone
NOVEMBER 16, 2023
From March 2009 when the S&P 500 traded at 13x earnings to August 2020 when it peaked at 23x, a passive investor in the market earned 16% per annum. With slower bank and leveraged loan growth, demand for partners in private credit is high. Source: Lincoln International Private Market Database as of June 30, 2023.
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