The Rise of Private Debt: Why Non-Bank Lending is the New Frontier for Credit Analysts
The global financial landscape is undergoing a tectonic shift. For decades, if a company needed a significant loan, they went to a traditional "big box" bank. But since the 2008 financial crisis, and accelerated by the recent tightening of banking regulations, a new titan has emerged: Private Debt. Often referred to as "Direct Lending" or "Shadow Banking," private debt has evolved from a...
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