
Private Debt Investor Podcast Private debt’s show of strength
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Oct 22, 2025 Join Randy Schwimmer, a private credit strategist from Churchill Asset Management, Laura Parrott from Nuveen focusing on investment-grade solutions, and Michael Massarano of Arcmont discussing the evolving landscape of private debt. They explore why M&A activity is surging despite economic uncertainty, the impact of inflation and unemployment on European markets, and the growing appeal of private investment-grade credit. Hear insights on regional market dynamics, relationship-driven deal wins, and the importance of scale and investor connections in navigating the private credit space.
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Markets Reopened And Dealflow Surged
- U.S. credit markets reopened and spreads tightened, fueling strong public and private issuance.
- Randy Schwimmer says new deal issuance accelerated and August was unusually busy for deals.
Europe’s Headlines Mask Solid Fundamentals
- European macro headlines looked negative but underlying data showed falling inflation and low unemployment.
- Michael Massarano links that data to a material uptick in private deal activity and rising M&A volumes.
Investment‑Grade And Infrastructure Dealflow Rises
- Investment-grade and infrastructure private debt are seeing record issuance as spreads tighten and rates stabilize.
- Laura Parrott reports strong infrastructure dealflow, especially around energy and transition projects.
