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The Memo by Howard Marks Podcast
What's Going on in Private Credit?

What's Going on in Private Credit?

The Memo by Howard Marks vor 4 Monaten

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38:50

In his latest memo, Howard Marks discusses the evolution of the
sub-investment grade credit market from its beginnings in the
1970s to its present state. He focuses on the rise of direct
lending following the Global Financial Crisis, identifying the
reasons for its fast growth but also the issues created by rapid
capital deployment. Looking ahead, he describes the entwined
fates of direct lending and private equity, with the performance
of private equity portfolio companies being a key determiner of
the future success of direct loans.

You can read the memo here
(https://www.oaktreecapital.com/insights/memo/whats-going-on-in-private-credit).

This episode uses an AI reader.