Corporations are currently in a window where they feel more confident in their ability to execute mergers.

“I'll talk generally the attitude in boards is there is a window here okay where that I think companies are more confident that if they want to do a merger uh that they'll be able to get it done and they want to take advantage of that window”

The large-cap segment of the private credit market is experiencing risks due to high concentration.

“The challenge is there's so much that's theoretical right now. And the thing that's that's concerning the private credit markets is that at the upper end, it's mimicking the hyperscalers in the public equities market because there's the larger you go in terms of deal size, the more concentration ris”

Matt Cherwin believes that a new, fragmented financial system is emerging where entities like private credit firms are replacing traditional banks in making major credit extension decisions.

“We said there are the new GIBs, people like Apollo, Blackstone, KKR, Black Rockck. These are Aries. These are the folks that are actually making credit extension decisions in this economy.”