The middle market illiquidity premium persists for all but the briefest volatile periods.
Recent concerns about rising rates and a possible recession has weighed on public equity multiples.
Since year-end 2021, previously performing sectors have seen selloffs in public equities.
While the Fed may push rates up to 3%, that’s nowhere near historic highs.
Public equities have been down double-digits in 2022 for a variety of reasons
Real GDP was higher at the end of the mild 2001 downturn than it was at the beginning.
Certain sectors are expected to fare better than others in a rising rate environment.
More than 25% of loans have no penalties and only a one basis point incentive if ESG targets are met.
The types and scale of sustainability bond and loan investing has grown dramatically.
A growing number of companies are attending to ESG standards.