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The Essential

The Trillion-Dollar Private Credit Market Faces Its First Big Test

“People always pick some new form of lending that has never had a default cycle and assume that it’s forever.”

One of Venture Capital’s Top Firms Just Raised Its Final Fund. Why Is That So Rare?

Turning investment firms into multi-generational institutions is now the norm. Here’s what we can learn from one team that chose a different path.

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Private Credit’s Next Phase: Finding Opportunity in a Maturing Market

It’s Not Business as Usual for BDCs

With tariff chaos adding to headwinds, industry laggards retool strategies to combat  the widening chasm between the best and the rest.

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Private Credit’s ‘Lost Decade’ Is Ending. Here’s What Comes Next.

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Private Credit Will Offer Some of the Best Returns in Alts — But Defaults Will Rise

Hannah Zhang

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University of Virginia

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DUMAC Inc

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DUMAC Inc

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BlueCross BlueShield Association

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