Market Tenor
Perhaps it is back to an alternate future as the Dodgers defeated the Yankees in the World Series after losing to the Yankees in 1977, 1978, and 1996. The market tenor feels like 1996 rather than the high-rate, low P/E multiple markets of the stagflation 1970s. Markets offered a few curveballs and fastballs this fall that should be supportive of PE funds to pick-up the pace of asset monetization while credit funds apparently have less concern that interest income will be eviscerated through draconian Fed rate cuts.
FEATURE ARTICLE
Quality of Earnings Report for Would-Be PE Sellers
Also in This Issue
Updated Metrics for
Private Credit and Equity
Publicly Traded Private Credit
Venture Capital