Lessons Learned from COVID-19 - FC
Global Conference 2024

Banks Stepping Out, Private Credit Stepping In

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The private credit market has grown remarkably: from $875 billion in 2020 to approximately $1.4 trillion at the start of 2023. It is now projected to reach $2.3 trillion by 2027. Although mega funds contributed almost half of new capital raised, traditional lenders and smaller institutions have also entered the market in search of the ideal targets. The abundance of capital supply has thus far been met by the demand of corporate borrowers seeking breathing room amid high costs and stricter lending by banks, but it remains to be seen whether supply will outpace demand. How are private credit investors, big and small, finding the right deals? What roles can the banks still play? Finally, how long can we expect this golden age of private credit to last? 

    Moderator

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    John Bowman

    President and Incoming CEO, CAIA Association

    Speakers

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    Jeffrey Aronson

    Managing Principal and Co-Founder, Centerbridge Partners
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    Marianna Fassinotti

    Head of Private Credit, The D. E. Shaw Group
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    Gregory Geiling

    Co-Chief Operating Officer and Managing Director, Bayview Asset Management
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    Peter Gleysteen

    CEO and Chief Investment Officer, AGL Credit Management
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    Drew McKnight

    Co-CEO, Fortress; Managing Partner and Co-Chief Investment Officer, Fortress Credit Funds