Blackstone Says Private Credit Market May Surge 20-Fold
Vložit
- čas přidán 10. 09. 2024
- Michael Zawadzki, global chief investment officer for Blackstone Credit, says the $1.7 trillion private credit market may soar beyond $25 trillion or even $50 trillion as yield-hungry investors plow capital into multiple categories of direct lending. He speaks with Sonali Basak on "Bloomberg Markets."
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: tinyurl.com/ys...
Visit www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: / bloombergtv
Facebook: / bloombergtelevision
Instagram: / bloombergtv
Connect with Bloomberg Business on:
X: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
TikTok: www.tiktok.com...
Reddit: / bloomberg
LinkedIn: / bloomberg-news
More from Bloomberg:
Bloomberg Radio: / bloombergradio
Bloomberg Surveillance: / bsurveillance
Bloomberg Politics: / bpolitics
Bloomberg Originals: / bbgoriginals
Watch more on CZcams:
Bloomberg Technology: / @bloombergtechnology
Bloomberg Originals: / @business
Bloomberg Quicktake: / @bloombergquicktake
Bloomberg Espanol: / @bloomberg_espanol
Bloomberg Podcasts: / @bloombergpodcasts
Post GFC big banks have become wards of the state, content to shuffle money between the government and consumers under FDIC guarantee. Basil 3 will complete their irrelevance.
Private credit is taking over because it can customize the covenants. Rates and risks are lower because defaults are worked out faster and cheaper.
Talk about talking his book. Hardly unbiased. May be those who are so tainted should just keep their mouth shut instead of going on Bloomberg and pretend they are objective
Hopefully default rates go up
Hopefully this will push everyday consumer banks to lower their margin on interest in order to remain competitive against private equity banks
💎 Ares Capital Markets (ARCC) 💎
The pumping is insane. Makes you wonder that the market is stretching for new money…. New money isn’t arriving