‘Who’s the Next Winner?’: Diameter Capital’s Scott Goodwin

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Dec 18, 2025

Scott Goodwin, co-founder and managing partner of Diameter Capital Partners, dives deep into his investment philosophy and current credit market opportunities. He discusses early warning signs in consumer and housing credit, touching on the risks posed by private online lending. Scott reveals how Diameter strategically acquired Twitter debt through innovative research. He also examines the surge of AI's impact on telecom investments and warns about the potential threats to pre-GPT SaaS buyouts. Plus, he reflects on his journey from fantasy sports to finance, illuminating an intriguing path.

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INSIGHT

Hidden Consumer Leverage And Housing Stress

Scott Goodwin flags hidden consumer leverage in non-bank channels like online lenders and ABS which may not show in bank data.
He warns housing remains cyclical and underproduced, creating sectoral debt opportunities and risks.

ANECDOTE

How Scraped Ad Data Won A Twitter Trade

Scott recounts buying distressed Twitter bank debt using ad-data scraping to underwrite future earnings and proactively bidding to banks.
He shared research with banks and LPs, which helped win the transaction and secure attractive yields.

INSIGHT

AI Drives Winners In Telecom Infrastructure

Diameter looked beyond chips to telecom infrastructure and spectrum as the critical conduit for AI inference leaving data centers.
They bought distressed fiber and spectrum debt early and saw it reprice to par after hyperscaler contracts and spectrum sales.

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Diameter Capital’s Scott Goodwin, co-founder and managing partner, talks about his career, his investment philosophy, and how he’s navigating opportunities across the credit spectrum.

This episode was recorded on December 8, 2025.

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