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Since the global financial crisis of 2007-2008, the corporatefinance markets have been dramatically transformed. Most notable has been the rise of non-traditional providers of debtfinance such as private credit funds, which now aggressively compete with traditional finance providers like commercial banks.
Over recent decades, and especially since the 2007-2008 global financial crisis (GFC), the corporatefinance markets have changed considerably. First, there is more corporatedebt now than ever. trillion by 2027, according to the data provider Preqin. Second, fuelled by post-GFC banking regulation (e.g.,
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