It's Very Hard to Be in Cash Now: Ares Capital CEO

The video discusses Ray Dalio's advice against buying bonds due to low yields and explores the sensitivity of credit markets to Federal Reserve policies. It highlights the risks in the junk bond market and the importance of responsible underwriting. The evolution of unitranche deals in private credit is examined, along with the growing partnerships between investment firms and banks to manage large transactions.

What challenges does the speaker mention regarding underwriting in the current market?

What is the significance of unitranche deals in the current market?

How has the relationship between banks and private capital businesses evolved according to the text?