Jim Fellows, Co-president and CIO of First Eagle Alternative Credit, shares his insights on the current credit landscape. He highlights the tightening debt spreads and urges a conservative approach in leveraged loans and high-yield bonds. The conversation digs into opportunities in asset-based lending and trends in middle-market loan pricing. Fellows also discusses the outlook for buyout finance and the challenges posed by private credit defaults, revealing the complexities and risks in today's investment climate.

Jim Fellows, Co-president and CIO of First Eagle Alternative Credit, discusses the value of culture, mid-market lending, and the right risk premium between direct lending and syndicated markets. They also talk about leveraging technology in the investment process and the evolution of markets like CLOs and leveraged loans.