How Crisis Have Affected North America-Focused Private Debt Fundraising?
Private debt has ballooned in size in the decade since the 2008-2009 Global Financial Crisis (GFC), when regulatory changes forced banks to deleverage their balance sheets, and private debt funds emerged as alternative loan providers to fill the void. But the global economic shutdown triggered by COVID-19 has put the North American private debt industry to its first major test.
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