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21min chapter
Why Credit Conditions Have Actually Eased Over Past Year | Oaktree’s Wayne Dahl on High-Yield Bonds, Leveraged Loans, Private Credit, and the Recession Yet To Arrive
Forward Guidance
Navigating Private Credit Dynamics
This chapter explores the intricacies of private credit, focusing on its significance in financing both private equity-owned and non-sponsored companies. The discussion also addresses current credit conditions, emphasizing the balance of supply and demand, the implications of excessive liquidity, and the advantages of active versus passive management strategies in the evolving credit landscape. Additionally, it covers the distinct characteristics of various asset classes, including non-agency mortgage-backed securities, while advocating for a balanced investment approach to optimize risk and return.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode