Digging deeper in syndication returns

[Daniel Lozowy]

You often hear syndicators say: we're looking at a minimum 20% return or 15%IRR. Things like that. For the sake of curiosity, I'm wondering what factors influence those required returns. Stock market volatily? 10Y treasury bond yields? Passive investors demand? What do you think?

Is it just an industry-standard or is it tied to underlying factors.

Anyways, I'm hoping to hear your thoughts,

Take care

Daniel