Private Credit

Private Credit: Boring is (Still) Beautiful

February 2021 – 38 min listen
Barings' Ian Fowler discusses the current state of the North American private credit market, including insights into deal activity, pricing, and how the Barings team is investing through the pandemic.

Episode Segments:

03:40 — How Ian & team have navigated the COVID disruption
06:00 — The surprisingly strong bounceback in deal activity
09:36 — The rationale for avoiding cyclical industries in private credit
13:09 — The importance of stable capital and principal investment through the cycle
19:09 — How scale and discipline can ultimately benefit investors
23:08 — Where the next opportunities in private credit will come from
26:08 — Assessing the illiquidity premium
28:04 — Where the interest in the asset class is coming from today
31:40 — What investors should watch over the next 12-24 months

Ian Fowler, CFA

Co-Head of Global Private Finance

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