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Goldman Sachs: Macro environment started to weigh on sentiment as Q1 progressed

Says volatility rose “meaningfully” as Q1 progressed. Saw elevated engagement with digital channels in Q1. “Feels good” about long term opportunity in private credit and ability to deliver attractive returns. “Encouraged” by direction of regulatory reform. Says “extremely well-positioned” to navigate current environment. Comments taken from Q1 earnings conference call.

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