Что думаешь? Оцени!
One potential problem: Private credit is a $1.8 trillion domain. The secondary market totals around $200 billion, about evenly divided between equity and credit. If demands for paybacks really take off, it’s unclear that the secondary buying space is big enough to fully bolster and balance the market. Swain believes, however, that the investors will pour lots of new money into secondary funds as they see the good deals spread, giving them more capacity to help absorb the selling. Still, Swain already sees deals developing where CVs are purchasing surprisingly large portions of existing funds, in some cases replacing 85% or 90% of the existing investors.
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华泰证券2026年3月发布的研报指出：“供给侧，精矿端全球新增项目有限，超预期扰动收紧原料供给……整体看26年全球精铜产量增速预计放缓。需求端看，传统建筑用铜仍处筑底阶段，但电网、储能及数据中心等新兴领域持续贡献增量。”
The Spinosaurus is a sail-backed, crocodile-snouted dinosaur that Hollywood depicted as a giant terrestrial predator capable of taking down a T. rex in Jurassic Park 3. Then they changed their mind and made it a fully aquatic diver in Jurassic World Rebirth—a rendering that was more in line with the latest paleontological knowledge.
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The first of these points is huge! Whereas previously it sounded like 85 % of