Oaktree Capital Management’s announcement in early February that its Opportunities Fund XII had raised $16 billion – inclusive of co-investments and affiliated investment vehicles – represented the largest fundraise for an opportunistic/distressed debt fund to date. Brook Hinchman and Jared Parker – both managing directors and co-heads of North America for Oaktree’s Global Opportunities strategy, joined The Private Debt Investor Podcast to discuss the strategy and how a mixture of factors includ...
May 21, 2025•14 min•Ep. 25
This episode first appeared on Secondaries Investor's Second Thoughts podcast, which you can subscribe to by clicking here , or searching wherever you listen to podcasts. Private credit secondaries has the potential to surpass private equity in deal volume over the longer term as more secondaries investors pursue yield and diversification amid market volatility. Over the past year, several billion-dollar-plus deals have emerged in the credit secondaries space, including Coller Capital 's recent ...
May 01, 2025•34 min•Ep. 24
Over the last few years, talk of private credit’s “golden age” has grown louder, with predictions from various sources that the asset class could eventually grow to around $20-25 trillion in size from its current level of $2-3 trillion. Yet, fundraising has slowed since its peak in 2021. So was all the talk premature? Jess Larsen, founder and chief executive officer of private credit-focused placement agent Briarcliffe Credit Partners, believes that it was – but he also believes this is the year...
Apr 24, 2025•14 min•Ep. 23
This episode is sponsored by Rithm Capital The asset-based finance market is heating up, with a raft of private credit investors increasingly taking note of the strategy – and for good reason. Capable of delivering strong returns even in challenging macroeconomic environments due to its cashflow-oriented nature, ABF represents a rather unique offering for lenders and LPs alike. But contrary to what many might think, ABF is not a particularly new strategy. Michael Nierenberg is Chairman, Chief Ex...
Mar 31, 2025•12 min•Ep. 21
Growing scale is one of the big themes in private debt as a small group of mega-sized GPs expand their platforms rapidly – both building on existing strategies like direct lending and colonising new areas such as asset-based lending and specialty finance. Among the largest of these managers is Goldman Sachs Asset Management , one of the early pioneers of the asset class. In this edition of The Private Debt Investor Podcast, we hear from James Reynolds, global co-head of GSAM’s private credit bus...
Mar 28, 2025•26 min•Ep. 22
Private debt's rapid growth is continuing to attract attention from junior professionals that are looking to make a career for themselves in this dynamic market. But how can they stand out from the crowd and prove their value in what is an increasingly competitive labour market? In November, Private Debt Investor unveiled its annual list of Rising Stars of Private Debt , which highlights the young professionals that are blazing a trail in the asset class. For this episode, we asked three of this...
Feb 28, 2025•14 min•Ep. 20
Last year, the European Commission launched a consultation seeking feedback on the functioning of the EU Securitisation Framework. Among those organisations submitting a response to this was the Alternative Credit Council, the body representing private credit asset managers led by global head Jiri Krol. The Private Debt Investor Podcast caught up with Krol to find out what was at the heart of the ACC’s response. The organisation believes there was an “overreaction” after the global financial cri...
Jan 14, 2025•23 min•Ep. 19
This episode is sponsored by Golub Capital Private credit has enjoyed massive growth for more than a decade, but there are real questions about what happens when conditions are less favourable. How can lenders that launched during the good times continue to succeed when the market changes? David Golub of Golub Capital knows from experience. Golub Capital was founded 30 years ago and has performed well in all kinds of market conditions. One of Golub Capital’s strengths involves a ’good boring’ ap...
Dec 18, 2024•22 min•Ep. 18
This episode is sponsored by Sculptor Capital Management The last 24 months have been a period of uncertainty and volatility in credit markets, with rising inflation and higher interest rates putting borrower capital structures under pressure and making it difficult for lenders to price risk. These headwinds have proven challenging for mainstream lenders. But for opportunistic credit investors, it has provided a window to unlock attractive risk-adjusted returns in situations that are obscured by...
Nov 25, 2024•25 min•Ep. 17
This episode is sponsored by Arrow Global Private debt has enjoyed sustained success in recent years, with private credit firms stepping in to fill the void left by the retreat of banks from their traditional lending role. The outlook for the asset class in Europe remains strong, as firms continue to find compelling opportunities, even in sectors that face market headwinds. A persistent supply-demand imbalance in the housing market across most European countries means that residential real estat...
Sep 30, 2024•22 min•Ep. 15
This episode is sponsored by Bain Capital Asia’s credit markets are the largest in the world, yet they remain heavily bank dominated. While large blue-chip businesses are well serviced, there is a material undersupply of custom, fit-for-purpose capital for SMEs, mid-market businesses, and financial sponsors. This is creating a significant opportunity for direct lenders. Asia’s credit markets are also complex and nuanced, which places a premium on managers with the right networks, insights, and e...
Sep 03, 2024•20 min•Ep. 16
In this episode, Andy Thomson meets with Raymond Wright, a portfolio manager in private markets at the London Collective Investment Vehicles, which was established in 2015 as one of eight UK Local Government Pension Scheme asset-pooling companies. Wright discusses the organisation’s private debt-focused funds of funds and how he has gone about building portfolios through client collaboration – which, by his own admission, is a process that has challenged some of his assumptions around portfolio ...
Aug 05, 2024•24 min•Ep. 14
This episode is sponsored by 17Capital NAV finance used to be a niche, little known corner of debt capital markets, but over the past 10 years it has evolved into a firmly established part of the private markets ecosystem. As NAV finance has moved into the mainstream, private capital managers have taken up NAV facilities in ever greater numbers to address a wide range of financing requirements. So, how are managers using NAV finance across their platforms, and how has the market navigated a cycl...
Jul 15, 2024•21 min•Ep. 13
This episode is sponsored by the Credit Investments Group (CIG) Private credit has expanded exponentially in recent years, with most citing the contraction in syndicated markets as the cause of that growth. But now those markets are opening back up, and questions linger about how that will affect private credit. So what do continued inflation and elevated interest rates mean for today's managers? What does private credit look like now, and how will it adapt to a new macroeconomic landscape? Will...
May 15, 2024•21 min•Ep. 12
This episode is sponsored by Blackstone Private credit has seen significant growth over the past year, with some of the largest asset managers increasing their allocations to the sector. It comes as volatile market conditions and geopolitical tensions have plagued most industries, revealing private debt as a more secure source of capital. So, how are firms looking to take advantage of this uptick in activity? And what areas will they be focusing on going forward? In this episode, we're joined by...
Apr 17, 2024•27 min•Ep. 11
In this episode, Andy Thomson sits down with Darius Craton, a director at Raymond James/Cebile Capital, a private fund placement and secondary advisory specialist. Craton reflects on PDI's fundraising data for 2023 , providing insight into why it was a difficult year for those raising fresh capital but also why 2024 is shaping up to be more fruitful. See Private Debt Investor's full 2023 fundraising report here ....
Apr 11, 2024•26 min•Ep. 10
In this episode, we catch up with Jiří Król, global head of the Alternative Credit Council within the Alternative Investment Management Association. The ACC is a body that represents the private credit industry to policymakers, legislators and regulatory authorities globally. In the conversation, Król discusses implications arising from the second, revised version of the Alternative Investment Fund Managers Directive (AIFMD), which fund managers in Europe will need to incorporate into their acti...
Mar 19, 2024•27 min•Ep. 9
In this episode, we catch up with Reji Vettasseri, lead portfolio manager for private markets investments at Decalia, a Geneva-headquartered wealth management specialist. Vettasseri reflects on some of the key takeaways from PDI’s LP Perspectives 2024 study in conversation with PDI senior editor Andy Thomson and explains why he thinks appetite to invest in private debt funds is growing after a challenging fundraising year in 2023. He also shares his views on why confidence in private debt perfor...
Feb 13, 2024•31 min•Ep. 8
In the final episode of our Decade of Private Debt podcast miniseries, the partner in client and product solutions at Apollo discusses the progression of her firm’s private debt business, as well as her personal growth within the industry. Be sure to also check out our Decade of Private Debt special report at Private Debt Investor.
Jan 18, 2024•21 min•Ep. 7
In the fifth episode of our Decade of Private Debt miniseries, the European Leveraged Finance Association CEO reflects on the highs and lows of borrower/lender deal negotiations in the industry. Be sure to also check out our Decade of Private Debt special report at Private Debt Investor.
Jan 17, 2024•27 min•Ep. 6
In the fourth episode of our Decade of Private Debt podcast miniseries, Pemberton co-founder and managing partner Symon Drake-Brockman discusses how the industry has evolved and recounts the process of shaping Pemberton into the powerhouse it is today. Be sure to also check out our Decade of Private Debt special report at Private Debt Investor.
Jan 17, 2024•27 min•Ep. 5
In the third episode of our Decade of Private Debt podcast miniseries, Kartesia's head of France Julien Rigon reflects on the past 10 years from an ESG perspective and looks at how the industry might evolve considering today’s sustainability agenda. Be sure to also check out our Decade of Private Debt special report at Private Debt Investor.
Jan 17, 2024•24 min•Ep. 4
In the second episode of our Decade of Private Debt podcast miniseries, LCM CEO Paul Burdell discusses the evolution of private debt and banking oversight over the past 10 years, the impact of regulations, as well as LCM’s unique position in the industry. Be sure to also check out our Decade of Private Debt special report at Private Debt Investor.
Jan 17, 2024•26 min•Ep. 3
In the first episode of our Decade of Private Debt podcast miniseries, Arougheti looks back at a decade of strategic growth in private credit, emphasising the importance of enduring relationships and the misunderstood, yet resilient nature of the market. Be sure to also check out our Decade of Private Debt special report at Private Debt Investor.
Jan 17, 2024•30 min•Ep. 2
Introducing the Private Debt Investor Podcast, where we'll be exploring the emerging trends and most important themes with the biggest names in the private credit asset class. To learn more and see all your subscription options, go to https://privatedebtinvestor.com/podcast
Jan 17, 2024•1 min
