Private Debt: Past, Present & Future
Streaming Income - A Podcast from Barings
Private Equity - What's the State of the Market?
I think North America is probably pretty mature. Europe has developed a lot. I think in our business, at least, I think we see more growth in Asia. As you go and you move toward APAC, you're dealing with a number of different rules of law in terms of both creditor protection and debtor protections. Not every market is the same. And certainly an area we're focused on in our business.
In the first episode of our new Investing Together series, Mercer's Global Head of Private Debt, David Scopelliti joins Barings' David Mihalick to discuss the evolution of private credit, including how this market developed, what conditions are like today, and where we go next.
Episode Segments:
(02:00) – David’s career path and role at Mercer
(05:23) – How private debt markets have evolved over 30+ years
(07:59) – The “five P’s” of manager selection
(10:23) – Achieving diversification in private credit
(12:15) – The art and science of valuations in private markets
(16:54) – How to think about liquidity and fund structure
(19:31) – How much private credit can grow from here
(22:13) – Private credit in North America, Europe, and Asia-Pacific
(27:39) – The interplay between private debt managers and banks
(31:18) – The outlook for private debt markets
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