John Fekete, head of tradable credit at Crescent Capital Group, shares insights from his extensive experience in corporate credit. He discusses the resilience of collateralized loan obligations (CLOs), especially those backed by middle-market borrowers, and why they're tough to disrupt. John highlights the current climate of manageable leverage, the growth of private credit, and emerging opportunities in healthcare and services sectors. He also explores the impact of recent interest rate cuts on borrowers, emphasizing the importance of smart manager selection in preserving CLO value.
