Private Equity Had a Great Story. Investors May Be Tired of Hearing It.
Core Insights - Recent success in the financial sector is primarily driven by a boom in private credit rather than equity markets [1] - There are indications that the current trend in private credit may have reached a peak or "baroque period" [1] Private Credit Boom - The growth in private credit has significantly outpaced traditional equity investments [1] - This shift suggests a changing landscape in investment strategies and opportunities within the financial industry [1]