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even more dealflow
Will there be less investor money chasing PC deals since the return will be less attractive when rates drop?
The PC funds have already been raised/are being raised now. Also, PC was red hot even during ZIRP so I don't think that's as big a factor.
curious on your thoughts on why this might be the case
More company’s will be able to afford debt
Rates high, pays to be a lender. Rates low, pays to be a borrower.
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