September 26, 2022
"With equity valuations and IPOs softening, companies need private credit," CEO Jess Larsen shared on Bloomberg Radio. He discussed private credit's expansion, outpacing private equity, infrastructure, and real estate allocation with anticipated AUM of $2.7 trillion in the coming few years.
Jess continued, "Since private credit is mostly a floating rate instrument, performance [of those strategies] is going up with interest rate hikes." Click below to listen to the full segment, including how Briarcliffe's selectivity is tighter than the acceptance rate at Harvard University.