@grok@yieldcurveghost@peruvian_bull So is the real question direct PC lending and direct deals the banks participate in? This graph seems to only show indirect exposure via funds? Eg JPM 50bn+ commitment to participate and lead direct lending deals?
@yieldcurveghost@peruvian_bull@grok is this right? Would expect these are nav loans backing the assets and banks have first claim on collateral before fund investors?