奥纬咨询2024私人信贷行业变革在固定收益投资中的作用及哑铃策略的重要性分析报告英文版35页

A business of Marsh McLennanPrivate Credit’s next actAnd why the barbell tolls for fixed income investing October, 2024Huw van Steenis2© Oliver WymanKEY DEBATES2Why is asset-based lending in focus?3Will bank-private credit partnerships work?4How to position around the financial system reshaping?1The next wave of bank disintermediation?3© Oliver WymanKEY DEBATES2Why is asset-based lending in focus?3Will bank-private credit partnerships work?4How to position around the financial system reshaping?1The next wave of bank disintermediation?4© Oliver WymanHow many times, how many decades are we going to learn this lesson of borrowing overnight and lending long? Whether it was the 1970s, the 1980s and 90s. ... I expect more disintermediationMichael Milken, April 2023““5© Oliver WymanPRIVATE CREDIT HAS BOOMED AND FORECAST TO DOUBLEIN 4-5 YEARSPrivate credit AUM by strategy$ TN, comingled funds only26%33%23%2014201520162017201820192020202120222%17%13%18%49%Q3 23Venture Debt2000Special Situations