Which PC strategy/firms are best aligned to the current environment?
Market has been super crowded over the past couple years, and with potential macro stress on the horizon, loose docs, insane competition, etc. it seems like something has to give. Are we bound to see a correction in the PC market? If so, where is the best place to be? Obviously less capital chasing SS/Specialty lending opps but also much easier to fuck up. Within vanilla direct lending bigger seems to almost always mean better.
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