Crescent Capital’s Attanasio Sees Golden Age in Private Credit

The video discusses the growth and evolution of private credit and equity markets, highlighting the significant opportunities available today compared to 30-35 years ago. It emphasizes the importance of scale for profitability in the industry and the shift of corporations towards private equity and debt for flexibility. The impact of monetary and fiscal policies on market confidence and the transition from Libor are also covered. Additionally, the video touches on the Milwaukee Brewers' future prospects.

What is one of the main reasons for the growth in private equity over the past 35 years?

• Decrease in global population

• Increase in public market investments

• Reduction in government regulations

• Advancements in technology and capital markets

Why is scale important in the private equity industry today?

• To focus on niche markets

• To reduce operational costs

• To participate in large transactions and attract capital

• To avoid government scrutiny

What advantage do private equity and private debt offer to corporations compared to public markets?

• Higher interest rates

• More flexibility and bespoke solutions

• Increased regulatory requirements

• Greater transparency

How do low global interest rates influence the private equity market?

• They decrease the availability of capital

• They create a challenging environment for growth

• They provide a supportive backdrop for market activities

• They lead to higher borrowing costs

What is a potential challenge if interest rates rise too high?

• Dampening of free cash flow in companies

• Increased free cash flow

• More investment opportunities

• Higher market confidence

What is the significance of the transition away from Libor?

• It simplifies the lending process

• It reduces the need for benchmarks

• It increases the volatility of interest rates

• It ensures a fixed floor in deals

What is the expected outcome for the Milwaukee Brewers next year?

• They will not participate in the playoffs

• They will focus on rebuilding

• They will have a new team lineup

• They aim to return to the playoffs