Transcript
Introduction
Matt
Welcome back for part two of this Business Breakdown on the private credit markets. Again, I am now joined by Josh Clarkson, Managing Director of Prosek Partners. While our discussion with Armen was really focused on the supply and demand dynamics of private credit, where the public markets have played a role, where regulatory markets have played a role, that certainty and speed of getting deals done and how that has proved to be an advantage for private credit versus the traditional solutions.
In our conversation with Josh, we transition a bit into some broader takeaways, the history of the private credit markets, some of the wrappers and what they have meant to the private credit markets. You will often hear about BDCs, business development companies. We get into exactly how they are differentiated versus traditional solutions and even differentiation within that own subsegment, the public BDCs versus the private BDCs, what has happened in times of stress and what the fundraising environment has been like and what the market looks like in the future. Please enjoy part two of our discussion on private credit.