Marks admits he didn't foresee private credit growing from zero to $1.7 trillion in fifteen years.
“I didn't foresee the growth of private credit, which the part of private credit which loans money for mid sized buyouts we call direct lending.”
Marks says direct lending grew from essentially zero fifteen years ago to $1.7 trillion today, which he didn't foresee.
“the part of private credit which loans money for mid sized buyouts we call direct lending. It went from essentially 0 fifteen years ago to 1,700,000,000,000 today. I I didn't know that was coming.”