Rakesh Jain
speaker
327 appearances
1 recordings
1 series
first heard Jan 2026
last heard 23 Jan
Rakesh Jain’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jan 2026 with 1.
Appearances
We're only at the very beginning of market education and adoption of credit secondaries.
When we first started the business, I think the goal was to have a $3 billion business in five years.
From an AUM standpoint, we've quadrupled that expectation over that timeframe.
We continuously, I think, are surprised to the upside in terms of the deal flow, the size of transactions that we see.
We are now regularly looking at LP and GP transactions that are $500 million, $1 billion, $3 billion in size in terms of asset value.
And we're just at the very beginnings of where that goes.
So, you know, we're incredibly optimistic about where the environment is going.
Broadly speaking, depending on the estimates, there's around maybe $20 billion of transaction volume done in credit secondaries on an annualized basis.
You know, we could very easily see that, you know, triple over the next four to five years.
I think the biggest thing is to think about relationships and picking your partners carefully.
When you're a young person, especially back then, it was all about technically being as proficient as possible, being able to grind through complex situations, handle multiple projects at the same time.
And sometimes there wasn't that ability to really develop a lot of that mentoring or personal connectivity skills.
When you're early in your career.
But I think over time, as you kind of graduate out from the bullpen and the, you know, 80 to 100 hours a week type of lifestyle and start exercising those skill sets, I think certainly developing relationships is so important.
Picking smart people that you can learn from.
recognizing that when mistakes happen, you really understand why those happened and learn from those in a really appropriate way.
So those are probably the things I'd tell myself from 30 years ago to think about more broadly.
But I think we all kind of work on those things at different points in our career.
And I think hopefully over time, I've been able to develop those types of relationships that have made us and our platform and our team so successful today.
Being in the right rooms and also reflecting on mistakes when you make them.
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