Q – Globally, which regions do you think offer the greatest opportunity for growth in the private debt industry?
As far as private debt funds are concerned, we are currently advising on fundraising solely for European GPs in the current cycle. It’s currently a more compelling market in Europe than in the US, for example: the banks have retreated further, it’s not as commoditized, spreads are wider, it generally generates higher returns, and GPs tend to have interesting stories.