Era of Private Credit Returns Beating Private Equity Is Nearing an End.

The article discusses how returns from direct lenders have been outperforming private equity in recent quarters, but this trend may reverse due to central banks cutting interest rates. Lower interest rates could benefit private equity by making deals easier and reducing pressure on portfolio firms. Despite this, private equity fundraising is expected to decline in 2024, while private credit providers are seeing opportunities in the market. The text also highlights specific deals and job moves within the private credit industry. [Extracted from the article]