Private Debt: Past, Present & Future
Streaming Income - A Podcast from Barings
Private Debt, Private Credit - Is There an Explosion?
Private debt, private credit has been around a long time but I feel like in the last five years it feels like there's been an explosion. The good advice is usually surround yourself with good people and then let your career evolve and go where it feels right. Syrian Alexa don't do what we do yet or chat GBT. I think they'll need us around for a few more years.
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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