Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets

Blue Owl Capital's Ivan Zinn - running the long race in private credit

5 snips
Jun 18, 2025
Ivan Zinn, Managing Director at Blue Owl Capital, showcases his expertise in alternative credit and asset-based finance. He shares insights on the evolution of private credit since the early 2000s, detailing shifts from traditional banking to innovative lending structures. Zinn draws fascinating parallels between long-distance running and the finance sector, highlighting the resilience required in both fields. He discusses the importance of counterparty risk, data analytics, and the adaptive nature of markets, making complex financial topics engaging and relatable.
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INSIGHT

Running Builds Investment Discipline

  • Running ultra-distance races teaches discipline and resilience vital for long-term investing success.
  • Physical and psychological preparation parallels the expertise needed in private credit investing.
INSIGHT

Private Credit Born From Bank Retracement

  • Early private credit was about competing with banks and prop desks using higher spreads but less strict terms.
  • The financial crisis accelerated private credit as banks exited lending, creating opportunistic asset-based finance.
INSIGHT

Private Credit Enhances Financial Stability

  • Originators increasingly seek stable private credit capital due to banking sector volatility.
  • Moving loans off bank balance sheets aids financial system stability and meets originators' certainty needs.
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