Private Credit

Private Credit: Strong Pockets of Opportunity

October 2022 – 10 min read

In this roundtable, Ian Fowler discusses how the current macro-economic backdrop is impacting private credit, what’s driving the growth in investor demand—and what it takes to be a successful middle-market direct lending manager.

Institutional investors have poured into the private credit markets over the last decade and continue to find the asset class appealing as a buffer against rising interest rates and public market volatility. Given recent developments, have the underlying drivers of private credit shifted? Should investors be more wary with recessionary concerns on the horizon? According to experts, despite the maturity of the market, there continue to be strong pockets of opportunity across direct lending in the middle market, in specific industry sectors, and in specialty finance. To gain deeper insights into investors’ current thinking on the $1.2 trillion private credit market, Pensions & Investments spoke with Ian Fowler, co-head of Barings' global private finance group; Ronald Kantowitz, managing director and head of private debt for Invesco's global private credit platform; and Mary Bates, managing principal and private markets consultant at Meketa Investment Group.

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Ian Fowler, CFA

Co-Chief Executive Officer

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