Private credit funds surpass $2 trillion as banks retreat from leveraged lending
Non-bank lenders have filled the gap left by stricter bank capital rules, with direct lending funds now commanding higher fees and tighter covenants than any point since 2010.
4 min read
Suki RaoFinance reporter
Non-bank lenders have filled the gap left by stricter bank capital rules, with direct lending funds now commanding higher fees and tighter covenants than any point since 2010.
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