Dwight Scott, Global Head of Credit, discusses the growth in the leveraged loan and private credit market as interest rates begin reversing a nearly 35-year decline.
The evolution of the institutional loan market over the last 20 years has been extraordinary. The market has grown to nearly $3 trillion in size, made up of both liquid loans—traded loans that are originated by banks and placed with a broad group of investors—and private credit or direct lending—loans that are originated and held by private investors, and not generally traded.
This market now faces increased economic uncertainty as the Federal Reserve brings an end to a nearly 35-year bond bull market. Dwight Scott, Global Head of Blackstone’s credit business, believes that credit investors can benefit in this environment from loans that are floating-rate and senior-secured in nature. Watch the video to learn more.
Amid economic uncertainty and market volatility, we sit down for a one-on-one with Joe Baratta, Blackstone’s Global Head of Private Equity. Joe reflects on what the end of easy monetary policy and near-term growth headwinds mean for investors. He also shares how Blackstone’s approach — backing companies in sectors with secular tailwinds and driving operational improvements — keep us well-positioned to navigate today’s environment.
Comentários