Indexed Returns

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THE LEAD|August 1, 2023
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Almost two decades of data show strong junior capital returns relative to other credit.

Source: PE Buyout & Mezzanine – Cambridge Associates, MM direct lending; Cliffwater CDLI, High yield; ICE BofA US High Yield Index, Broadly syndicated; S&P/LSTA LL
(Past performance is no guarantee of future results.)

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