0:00
We have seen, obviously, some credit
0:01
tightening in the market globally just
0:03
given macro events and so on, but that's
0:04
not undermining the availability of
0:07
credit. Lenders are being potentially
0:09
somewhat more selective, and they're
0:11
obviously more in tune to risk, but
0:12
that's where the bespoke capital
0:14
solutions start to come into the fore
0:16
because where traditional bank lending
0:19
may not be able to lend to a particular
0:21
company for a particular reason, private
0:23
credit has stepped into that mix, hybrid
0:25
providers have stepped into that mix,
0:27
and actually long-term capital has
0:28
stepped into that mix in a way that it
0:30
didn't necessarily used to participate.
0:32
So, we're seeing pension funds,
0:33
sovereign wealth funds, other
0:35
alternative providers coming in, filling
0:37
those gaps. So, from that perspective,
0:41
sort of good place to be in the UK in a
0:43
way that it may not be in other
