A Vast Market in Private Credit

Key Takeaways:

• Capital will be rationed during an economic slowdown and credit contraction.
• But banks, lenders, and investors should benefit from moving up in credit quality.
• In private credit, investors have the ability to manage credit requirements and covenants, which should attract capital.
• One example of capital rationing is disintermediation in the banking sector.
• The First Republic failure shows that disintermediation remains a problem, but it is not likely systemic.
• The Federal Reserve will likely hike this week, but it will be slow to start cutting.

Read Q2 2023 High-Yield and Bank Loan Outlook: The Pre-Recession Playbook for Up in Quality

VIDEOS & PODCASTS

 

Are Fixed-Income Investors Being Compensated for the Risks They Are Taking

Maria Giraldo, Investment Strategist for Guggenheim Investments, joins Asset TV’s Fixed Income Masterclass.

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Are Fixed-Income Investors Being Compensated for the Risks They Are Taking?

 

Macro Markets Podcast Episode 40: Real Estate and Its Possible Black Swan: The Office Sector

Jenny Marler, Head of Guggenheim Real Estate, provides insight into the $21 trillion commercial real estate market, especially the office sector, as well as where she is seeing value.

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Macro Markets Podcast Episode 40