What are the target diligence differences between a PE acquisition vs private credit investment?
I am helping a private credit fund diligence a target. I come from a PE background and look at things from a control investor point of view - market growth, revenue and EBITDA trajectory, can I grow sales, increase EBITDA as a % of revenue, bolt on deals, etc., with line of sight to an exit plan.
How do credit investors look at a target? I want to adapt my assessment to the checklist of things a credit investor cares about.
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