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Direct lending has been one of the most dynamic areas of the private alternative space these last few years, having grown massively as a source of capital for both corporate borrowers but also financial sponsors that have kept going from strength to strength and have needed that private capital to foster the growth that they've been experiencing.
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Hello, and welcome to another episode of the Odd Lots podcast. I'm Joe Weisenthal. And
I'm Tracy Alloway.
Tracy, you know we do all these episodes about private credit and obviously hedge funds, multi strategy hedge funds in particular lately. And, of course, it all sort of seems to be part of a bigger story of a bunch of things that used to happen inside banks no longer happening inside banks. Right.
And this has been, like, a continual process ever since, like, the 2008 financial crisis. But even before that, we had, like, big periods of bank disintermediation, which we talked about recently on that episode with Hugh Van Stinas.
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