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In this episode, Stefan Shaffer our Partner from New York discusses:
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• The current state of the private market\u2014general liquidity conditions
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• The demographics of the lending community\u2014who is doing what? 
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• Pandemic fallout\u2014how badly were issuers impacted? 
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• M&A activity vs. Recap activity - expectations respecting a Biden administration, next round of stimulus, etc.
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