"I'd say any one of these investment areas is certainly unique and interesting. They all have very interesting dynamics happening, especially as the competitive landscape is changing," Gornick says."But if I were to go down and zero in on particularly direct lending, I would say that if you just understood it as something as simple as a private loan that's directly negotiated between a borrower and a source of capital, and that's it. It is so simple to understand.
And that's it, it is so simple to understand it's not complicated that borrower can be anything like a small middle market size, private business, steady profit margins, oftentimes owned by private equity firm. Because as I said earlier, it's really an essence alone between a borrow and a source of capital and that loan generates interest income and that's what an investor is going to receive, which is current income while being invested in the market.