Len Tannenbaum, mentioned 5 times across podcast episodes and expert conversations analyzed by Sonic.
The Pluralsight deal was an early warning sign of problems in the software lending segment of the private credit market.
Valuations for software companies have compressed from as high as 20 times Annual Recurring Revenue (ARR) down to a range of 5 to 10 times ARR.
Private credit loans originated during the 2021-2022 zero-interest-rate period are the vintages currently experiencing the most trouble.