Direct lending

…leverage 1990s broadly syndicated loans and tranche securitizations 2000s the rising trend toward alternative investments, Subprime mortgage lending and mortgage backed securities 2000s expansion of direct lending 2000s marketing of direct lending vehicles to individual and retirement investors the investment world I first encountered in the summer of 1968 consisting exclusively of stocks and high grade bonds, seems quaint and…

…Private credit before the global financial crisis was really direct lending, that was junior.…