opportunistic credit

“The things that sometimes people forget is there's really no hundred year money. So there are institutions that have money that will be around for a long time. But most institutions have a spend rate, and even the best institutions may have enough reserves tha…”

“So ironically, it felt like there were fewer people with capital for opportunistic credit in 2010, 2011 than there were in 2005. And you much rather would have capital in 2011 than you would have in 2005 for the strategy.”

“The market and most allocations are overweight direct lending and don't have enough of the opportunistic credit.”

“And that was really a sea change in opportunistic credit investing to the point that it's more than half our business now as opportunistic credit investors, We're lenders and not just LMEs. In fact, LMEs are only a small portion of it”