Private credit has become one of the fastest-growing areas of alternative investing, but its biggest test may still lie ahead.
In Episode 27 of The Bridge, Sonali Basak sits down with Brendan McGovern, head of private credit at 26North, to discuss the approaching wave of loan maturities, why underwriting discipline matters more than ever, and how managers can differentiate themselves in a tougher market environment.
Sonali and Brendan explore the opportunities emerging beyond direct lending, including asset-backed finance, the role of restructurings in the next phase of the credit cycle, and why long-term values relies on investors embracing the illiquid nature of private assets.
From downside protection to patient capital, this episode examines what may separate winners from losers as private credit enters its next chapter.
