Episode 11: Private Credit: Does this Decade Long Torrent need some Spring Cleaning? with Katie Koch and Kipp DeVeer
Episode description
Private Credit has risen from obscurity within the private equity financing world to a greater than $2T asset class in just over a decade. In this episode, we examine the conditions (M&A, debankification, regulation, staying private longer) that accelerated post the GFC that created a torrent of issuance and demand for private credit across direct lending, asset backed credit, structured credit, and innovative special situations. And more importantly, we debate whether we’ve come a little too far, too fast, and if some rationalization and refining is needed before this exciting space continues its upward trajectory.
Introduction (0:47)
Halftime (39:40)
Guests (45:51)
Guests:
Katie Koch, CEO, TCW
Kipp DeVeer, Partner and Head of Credit, Ares Management