This chapter explores the uncertainty and challenges in the current environment, including banking turmoil and dynamics in Washington, and how it has created attractive opportunities in direct lending and private credit. It discusses the prediction of private debt defaults reaching 5% by early 2024 and argues against it based on the current situation. The chapter also highlights the current state of the portfolio and optimistic outlook for increased M&A and transaction activity.
Bloomberg Sound On Co-Host Kailey Leinz and Bloomberg News Editor Tom Maloney break down day one of the FTX fraud trial of Sam Bankman-Fried. Ken Kencel, President & CEO at Churchill Asset Management, discusses the important role private capital plays with investors from Greenwich Economic Forum. And we Drive to the Close with Aaron Kennon, Chief Executive Officer at Clear Harbor Asset Management.
Hosts: Carol Massar and Simone Foxman. Producer: Paul Brennan.
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