Why would anyone choose to go into private equity over private credit today?
High interest rates here to stay, increasing AUM flows to private credit, lower bar for promotion, better WLB, anything I’m missing? Obviously lower carry potential, but with PE having IRR of 8-9% with vintages of past ten years (lower than an unlevered senior direct lending fund), I struggle to understand why PC is not more popular
Well lower rates were here to stay only 4 years ago, so I wouldn't exactly use that as your compass for career trajectory...
You do realize both are a generational super bubble that will take down major financial institutions and pension funds when it bursts?
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