Following an increase in bank regulation and continued bank consolidation over the last 30 years, private credit managers like Ares have become important sources of financing to middle-market companies. This trend has led to a growing partnership between banks and private credit managers as banks are increasingly lending to private credit managers like Ares. More in our report, Understanding Private Credit: The History and Current State of the Asset Class: https://lnkd.in/eiZX9Rc8
