Credit Exchange with Lisa Lee
Episodes
Unpacking First Brands, rise of coercive restructurings – Eagle Point founder Tom Majewski
20 Dec 2025
Contributed by Lukas
While credit is “probably a four-letter word right now,” it is doing reasonably well, says Tom Majewski, founder and managing partner at Eagle Poi...
We are in a ‘stretched K-shape’ economy – Conning North America CIO Cindy Beaulieu
12 Dec 2025
Contributed by Lukas
The degree of inflation the past few years has stretched the ‘K’ that defines the K-shaped economy, says Cindy Beaulieu, chief investment officer ...
The AI data boom will drive activity in 2026 – MUFG co-head of EMEA capital markets Fabianna Del Canto
05 Dec 2025
Contributed by Lukas
The driver for 2026 will be the real step-change in capex requirements all around the AI data boom and the needs of hyperscalers, said Fabianna Del Ca...
We are seeing an insurance renaissance – AllianceBernstein deputy CIO of insurance Gary Zhu
21 Nov 2025
Contributed by Lukas
Innovation on the liability side is allowing insurance companies to change their funding costs and be more competitive, says Gary Zhu, deputy chief in...
The tide of easy money pushes everything upwards – Satori Insights founder Matt King
14 Nov 2025
Contributed by Lukas
The end of the US government shutdown has paved the way for a “renewed melt up,” says Matt King, founder of Satori Insights, on the latest episode...
Lessons learned from First Brands and Tricolor – Tetragon co-CIO Dagmara Michalczuk
07 Nov 2025
Contributed by Lukas
The bankruptcies of auto sector firms First Brands and Tricolor Holdings hold “lessons for the future” for credit investors, says Tetragon co-CIO ...
Due diligence matters in credit investing – Crescent president Chris Wright
31 Oct 2025
Contributed by Lukas
“There are lots of mixed signals out there,” says Chris Wright, president of Crescent Capital Group, on the latest episode of Credit Exchange with...
ABF increases the lending toolkit – Apollo co-head of asset-backed finance Bret Leas
24 Oct 2025
Contributed by Lukas
Bret Leas, co-head of asset-backed finance at Apollo Global Management, speaks about this booming segment of private credit with Credit Exchange host ...
Expect more corporations to default – JPMorgan head of global credit financing Jake Pollack
17 Oct 2025
Contributed by Lukas
“The idea that default rates will go up over time is not particularly difficult to get to,” says Jake Pollack, head of global credit financing and...
There’s tremendous fragility in the system – PGIM co-CIO Greg Peters
10 Oct 2025
Contributed by Lukas
“Underneath is a lot of volatility. Companies are struggling. You’re seeing really wide dispersion,” says Greg Peters, co-chief investment offic...
Bigger private credit deals will happen – Antares CEO Tim Lyne
03 Oct 2025
Contributed by Lukas
“It’s a huge differentiator” to have dedicated and experienced personnel to deal with struggling borrowers, says Tim Lyne, CEO of private credit...
A slow, global rebalancing away from the US dollar and Treasuries – Amundi CIO of fixed income Grégoire Pesques
26 Sep 2025
Contributed by Lukas
“Existing investors are probably too long the dollar. They enjoy a very good ride. Valuations are expensive. It makes sense to take profit,” says ...
Private credit has won the buyout financing game – Churchill chief investment strategist Randy Schwimmer
19 Sep 2025
Contributed by Lukas
“Long-term, I think the game is over from a buyout perspective. I think private capital has won that game,” says Randy Schwimmer, vice-chairman an...
The health of the consumer is a canary in the coal mine – Arena CEO Dan Zwirn
12 Sep 2025
Contributed by Lukas
“One interesting canary in the coal mine that has not been materially recognised, is the health of the consumer,” says Dan Zwirn, CEO, CIO and co-...
Market volatility is now a certainty – Oak Hill Advisors’ Alan Schrager
06 Sep 2025
Contributed by Lukas
“Volatility is now certain. Before, we feared chaos because no-one knew what was coming. Now, it’s priced in” – Alan Schrager, senior partner ...
Macro picture is the biggest risk for credit – Barclays head of global research Brad Rogoff
30 Aug 2025
Contributed by Lukas
The likelihood of a September rate cut has edged higher. “They will move ahead with that,” predicts Brad Rogoff, head of global research at Barcla...
Seeing green shoots in commercial real estate – Western Asset CIO Michael Buchanan
22 Aug 2025
Contributed by Lukas
“We’ve been increasing our exposure to prime office,” says Michael Buchanan, chief investment officer at Western Asset, a fixed income specialis...
We are seeing a slowdown in sales and earnings growth – Carlyle’s Lauren Basmadjian
08 Aug 2025
Contributed by Lukas
“From what I could see in our proprietary data, we are seeing a bit of a slowdown,” says Lauren Basmadjian, head of liquid credit at Carlyle, a po...
Sports investing is a growing field – Crescent’s Mark Attanasio
01 Aug 2025
Contributed by Lukas
“There’s nothing more compelling than live sports,” says Mark Attanasio, co-founder of asset manager Crescent Capital Group, on the latest Credi...
Not shying away from credit risk is the right call – BlackRock’s Amanda Lynam
25 Jul 2025
Contributed by Lukas
Corporates have showcased resilience in navigating policy shifts, according to Amanda Lynam, Head of Macro Credit Research within the Portfolio Manage...
Investors still pivoting to fixed income – Oaktree’s Wayne Dahl
18 Jul 2025
Contributed by Lukas
“I’ve continued to see large investors, both on the individual side [and] on the institutional side, continue to rotate their portfolios into fixe...
We have traded private credit loans and others will follow – Loomis Sayles’ Matt Eagan
11 Jul 2025
Contributed by Lukas
“We've done our first trades and some of the first trades in the industry in investment grade private,” says Matt Eagan, who heads the full discre...
The ‘real economy’ of Europe needs financing – Arini’s Mathew Cestar
03 Jul 2025
Contributed by Lukas
“We know there’s a big pan-European need for financing,” says Mathew Cestar, president of Arini, one of the fastest growing alternative credit m...
Paradigm shift in US economy lessens likelihood of tariff-induced recession – Sound Point’s Stephen Ketchum
27 Jun 2025
Contributed by Lukas
“We’re at a reasonable balance now.” That’s the view of Stephen Ketchum, founder and CEO of Sound Point Capital Management, regarding the stat...
Not everything in private credit is rosy – Goldman Sachs’ James Reynolds
21 Jun 2025
Contributed by Lukas
While private credit broadly has showcased resilience and strength, “under the surface, not everything is as rosy,” according to James Reynolds, g...
Investors optimistic, bullish on European structured credit – BofA, King Street, Blackstone, Federated Hermes
13 Jun 2025
Contributed by Lukas
The mood at the Global ABS 2025 structured credit industry confab this week was positive, according to bankers, asset managers and investors at the Ba...
The M&A market is normalising – Ares’ Matt Theodorakis
06 Jun 2025
Contributed by Lukas
The M&A market is normalising, said Matt Theodorakis, co-head of European direct lending at Ares, in the latest ‘Credit Exchange’ podcast, rec...
Volatility could cause credit markets to break this year – TCW’s Bryan Whalen
30 May 2025
Contributed by Lukas
Investors aren’t being paid enough a premium for the risks in US corporate credit, said Bryan Whalen, chief investment officer of fixed income at TC...
Credit markets have become more stable and behave differently – KKR’s Eddie O’Neill
23 May 2025
Contributed by Lukas
“Look at credit markets, they behaved quite differently this time,” said Eddie O’Neill, co-head of global liquid credit at KKR, about the period...
Private equity will help private credit weather troubles – Neuberger Berman’s Susan Kasser
19 May 2025
Contributed by Lukas
People fail to give the private equity funds the credit they deserve, said Susan Kasser, head of Neuberger Berman Private Debt, on the latest ‘Credi...
Blue Owl’s Craig Packer answers the tough questions about private credit
09 May 2025
Contributed by Lukas
Private credit is fast growing, and will take market share away from the public leveraged finance markets, Blue Owl’s co-president Craig Packer told...
Private credit’s golden era never really ended – Blackstone’s Michael Zawadzki
02 May 2025
Contributed by Lukas
Volatility creates opportunity, Michael Zawadzki, global CIO of Blackstone Credit & Insurance, told host Lisa Lee on the Credit Exchange podcast.“...
M&A rebound will come – Goldman Sachs’ Vivek Bantwal
25 Apr 2025
Contributed by Lukas
The expected M&A rebound may take longer to materialise, but it will come, Vivek Bantwal, co-head of global private credit at Goldman Sachs, said ...
Trump tariffs will materially impact credit, raise financing costs – Napier Park’s Jon Dorfman
11 Apr 2025
Contributed by Lukas
The Trump administration chose a shock-and-awe approach to begin tariff negotiations, and backpedalling from the more extreme stances is the right dec...
Best time for private credit is during market volatility and dislocation – Arcmont’s Mattis Poetter
04 Apr 2025
Contributed by Lukas
For private credit, the best dealmaking times are when there’s more volatility, says Mattis Poetter, chief investment officer of leading European pr...
More volatility, more uncertainty and more tailwind for private credit: KKR’s Dan Pietrzak
28 Mar 2025
Contributed by Lukas
The markets are experiencing a bumpier road than expected on January 1st, said Daniel Pietrzak, global head of private credit at KKR, on the latest is...
Compelling opportunities in CLOs, high-yield bonds – Bain Capital’s John Wright
21 Mar 2025
Contributed by Lukas
Recent volatility has opened up fresh opportunities in credit, says John Wright, global head of credit at Bain Capital, in the latest “Credit Exchan...
European investment thesis has changed dramatically – Apollo’s Tristram Leach
14 Mar 2025
Contributed by Lukas
We’re on the cusp of profound change in Europe, says Tristram Leach, co-head of European credit at Apollo Global Management, in the latest “Credit...
Carlyle’s Mark Jenkins sees USD 23 trillion opportunity in investment-grade private credit
10 Mar 2025
Contributed by Lukas
Mark Jenkins, head of global credit at Carlyle, speaks with Creditflux's managing editor Lisa Lee in the latest edition of the Credit Exchange podcast...
Private market deals will get bigger – Ares co-head of European credit
21 Feb 2025
Contributed by Lukas
In the latest edition of Credit Exchange podcast, Mike Dennis, co-head of European credit at Ares Management, speaks with Creditflux's managing editor...
Crosswinds in credit markets – Alan Schrager at Oak Hill Advisors
07 Feb 2025
Contributed by Lukas
In the latest edition of Credit Exchange with Lisa Lee, Alan Schrager, senior managing partner of Oak Hill Advisors, speaks with Creditflux's managing...
Fortress Co-CEO Drew McKnight Sees Biggest Opportunity in Asset-Based Finance as Banks Seek Liquidity
21 Jan 2025
Contributed by Lukas
On this inaugural episode of Credit Exchange, host Lisa Lee sits down with Fortress co-CEO Drew McKnight who sees the best play of 2025 in asset-based...
Credit Exchange Trailer
15 Jan 2025
Contributed by Lukas
Credit Exchange with Lisa Lee. Explore the latest trends in global credit markets with the biggest movers and shapers on Wall Street and the City, hos...