THE CRED Convos

Private credit is more than just direct lending, so what other industry opportunities should asset managers hone in on? Dan Pietrzak, KKR’s Global Head of Private Credit, highlights the estimated US$6.1 trillion asset-based finance market, growth factors in the private debt market, positive fundraising outcomes in private credit and how businesses are preparing for potential headwinds in the years to come.

What trends are driving the private credit industry in Europe? Mike Dennis, Co-Head of European Credit at Ares Management, highlights how private credit is catching up with private equity in European markets, the increasing retail and institutional appetite for the asset class, and private credit’s “huge runway for growth” in Europe.

In this insightful edition of THE CRED Convos, Dechert partner Mikhaelle Schiappacasse sits down with Jeff Cohen, Head of ESG and Sustainability at Oak Hill Advisors and the Acting Vice Chair of the ESG IDP to discuss the project’s development, frameworks and standards informing IDP, the value it brings to the market, how others can support the initiative and much more.

The private credit industry has grown substantially over the past several decades – nearly a $2 trillion market in 2024 – but what key factors are driving its evolution? In this edition of THE CRED Convos, Grishma Parekh, co-head of North American core senior lending at HPS Investment Partners, highlights what makes private credit increasingly appealing to investors and lenders.

In an insightful edition of THE CRED Convos, Golub Capital President David Golub discusses key growth trends to watch in the world of lending to private equity-backed companies in the coming decade.

In this THE CRED Convos vlog, Dechert global finance partner Lindsay Trapp and lateral counsel Blake Gilson discuss updates from the recent NAIC summer meeting focused on structured credit and fund finance. Key topics include the approval of NAIC's ability to demand reviews of credit ratings for securities held by insurers, the lack of published methodologies for review, and potential implications for insurers.

In this THE CRED Convos vlog, Dechert global finance partner Lindsay Trapp and lateral counsel Blake Gilson break down the NAIC’s interim meetings of the Risk-Based Capital Investment Risk and Evaluation working group in late June, focusing on continued discussion around residual tranches, proposed amendments to the NAIC’s policies and procedures manual and more!

In this episode of THE CRED's Structured Credit and Fund Finance vlog series, Dechert global finance partner Lindsay Trapp and new lateral counsel Blake Gilson discuss updates from the annual NAIC Spring Meeting, including residual tranches in rated funds, potential SVO process changes, and what insurers can expect before the organization's Summer Meeting.

In this first episode of our Structured Credit and Fund Finance vlog series, global finance partner Lindsay Trapp and Gopal Narsimhamurthy of KBRA discuss the trends driving growth in the rated funds market as well as factors that fund managers should consider when determining their strategies for investing in new asset classes.