Larry Holzenthaler, a portfolio manager at First Eagle Alternative Credit, shares his expertise in corporate lending and private credit strategies. He discusses the evolution of private credit, emphasizing its attractiveness as an investment due to current economic conditions. Larry highlights the shift from traditional equity investing to private credit, the importance of risk management, and the unique redemption processes of interval funds versus BDCs. He also delves into the impact of banking regulations and the challenges posed by fluctuating interest rates on credit performance.