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Banks Stepping Out, Private Credit Stepping In

2024 Global Conference

Banks Stepping Out, Private Credit Stepping In

Monday, May 6, 2024
02:30 PM - 03:30 PM PDT

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? 

John Bowman
President and Incoming CEO, CAIA Association
Jeffrey Aronson
Managing Principal and Co-Founder, Centerbridge Partners
Marianna Fassinotti
Head of Private Credit, The D. E. Shaw Group
Gregory Geiling
Co-Chief Operating Officer and Managing Director, Bayview Asset Management
Peter Gleysteen
CEO and Chief Investment Officer, AGL Credit Management
Drew McKnight
Co-CEO, Fortress; Managing Partner and Co-Chief Investment Officer, Fortress Credit Funds