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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

Any forecasts in this material are based upon Barings opinion of the market at the date of preparation and are subject to change without notice, dependent upon many factors. Any prediction, projection or forecast is not necessarily indicative of the future or likely performance. Investment involves risk. The value of any investments and any income generated may go down as well as up and is not guaranteed by Barings or any other person. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

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