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December 31, 2023
Art Penn Featured on Bloomberg Markets: The Close Art Penn discusses the lending opportunity in the core middle market with Vonnie Quinn and Sonali Basak of Bloomberg TV. Of note, Art looks back on a strong 2023 where yields rose to the low double digits for first-lien senior secured loans on the back of rising rates and a lender-friendly market environment. While default rates remain below long-term averages, Art notes that “as prudent credit selectors...
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