In the past, PE investors were mainly large institutions that garnered high interest payments for allowing their money to be tied up for, say, 8 or 10 years. The PE titans saw high net worth and middle class investors as a huge potential market for these products, and succeeded in attracting immense inflows from the retail realm. For example, Blue Owl garnered around 40% of its over $300 billion in assets under management from individuals. The whole idea, as Morgan Stanley states on their website, was to “democratize” the market by giving average people access to the same products as say, pension funds or multi-billionaires. The appeal was obvious: the Blackstone Private Credit Fund (BCRED) has delivered annual returns of 9.8% since its inception.
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МИД Ирана объяснил удары США словами «Трамп хочет повеселиться»08:47
Full Moon - The whole face of the Moon is illuminated and fully visible.