Why this is the ‘Golden Era of Credit’?

Interesting to hear Bruce Richards discussing with Institutional Investor why he believes for the first time in 20 years, credit will offer better absolute returns than equity. He explains why we are now in a Golden Era for Credit, where not only can you earn an attractive rate of return in the liquid credit market, but a super attractive return in private credit markets, whether its asset based or middle market lending, as well as seeing a big distressed cycle coming through.

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