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Fundraising bifurcation

What comes after the golden age? That was the question considered on the latest edition of Cloud 9fin (which you can listen to here.)

For as some of the exuberance in the private credit market tempers down, reports on fundraising in the asset class show a clear bifurcation between larger players and those less established. Take the recent turmoil at Fidelity International, which exited its direct lending strategies in Europe due to difficulties in fundraising as 9fin reported.