In Episode 51 of Beyond 60/40, iCapital Chief Investment Strategist Sonali Basak sits down with Sam Williams, Managing Director and Portfolio Manager at iCapital, to unpack what’s really happening in private credit.
They explore why credit quality remains resilient despite heightened scrutiny, how defaults differ across market segments, and why losses—not headlines—are the metric that matters. The conversation also breaks down the role of PIK (Payment-in-Kind) loans, when they signal flexibility versus stress, and how managers are navigating elevated redemption activity without sacrificing portfolio stability.
With redemptions expected to remain elevated through 2026, learn why liquidity management, portfolio construction, and manager selection matter more than ever.
