My guest this week is Phil Huber, the Head of Portfolio Solutions at Cliffwater. The private credit market has exploded recently, with Assets under management reaching a staggering $1.2T last year. I’ve been a little skeptical of this asset class, so I asked Phil to come on and convince me otherwise. We talk about the demand side of the equation, whether we are in a bubble, downside protection, due diligence, volatility and more. Phil also covers his backstory and his unique role at Cliffwater. Please enjoy this conversation with Phil Huber.
For the full show notes, transcript, and links to the best content to learn more, check out the episode page HERE.
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Show Notes
(00:00:00) Welcome to Making Markets
(00:01:07) Transition from RIA to Buy Side
(00:02:13) Career Journey and Passion for Alternatives
(00:04:28) Understanding the Role of a CIO
(00:06:55) Evolution of Alternatives in Wealth Management
(00:08:23) Phases of Alternative Investments
(00:10:53) Growth and Demand for Private Credit
(00:15:48) Private Credit Performance and Risks
(00:28:08) Writing and Sharing Knowledge
(00:32:23) Role at Cliffwater and Fund Management
(00:40:07) Phil on The State of the Public and Private Credit Market
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