Private Credit Myths: Introduction
A Dartmouth College professor has found that middle age is even more depressing than we thought. But things start looking up pretty quickly after that.
In a recently published study, David Blanchflower found unhappiness is a U-shaped curve, bottoming out when people are 47.2 years old.
But after that, people start feeling better. By the time they hit their 60’s, they’re as chipper as they were in their 20’s. Or maybe they just forget how miserable they are.
Investor happiness is a topic we’re studying: How do investors feel today about #PrivateCredit, and has that changed over time?
The economic story has certainly changed. Worries about a recession have been , replaced by strong corporate earnings and public equity indices at record highs…
▶︎ Read Jan 20 2020 newsletter: here
▶︎ Chart of the Week: here
Latest news
Software, consumer-related direct lending deals fell in H1'26
The software and technology sector, the second-most-active sector in 2025 at 17% of total deal activity, slid to fifth place in the first half of 2026.
Unconquered Territory
With most of the map still unexplored, there’s room for a sequel.