Debtwire Private Credit Forum New York 2024

The must-attend event for the US middle market returns!

Conrad New York Downtown, 102 North End Avenue, New York, NY 10282

18 Jun

Opening panel: Market outlook - Private credit vs banks

In 2023, the US$ 1.7 billion private credit market had its golden moment amid a high interest rate environment, increased borrowing coats, a slowdown in M&A and private equity activity and a syndicated loan market shut-off. However, changing macroeconomic conditions, including expected rate cuts by the Fed has meant that banks are quickly making a comeback in 2024. Despite this, it is expected that whilst syndicated market activity picks up, private credit manager activity will continue to remain robust, particularly in the middle market segment. Our panel of leading private credit managers will discuss their expectations for the year ahead.
 
  • Macroeconomic outlook: with the expected interest-rate cuts, do GPs expect sentiment towards private credit to change? 
  • Direct lenders vs banks- is the pendulum swinging back towards the banks, or will the trend of private credit taking share from the BSL market continue to be an unstoppable force? 
  • Given increased competition in 2024, will there be more market consolidation amongst managers? How will smaller/new entrants differentiate themselves from the crowd? 
  • What is the outlook for the year ahead? 
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  • Speakers keyboard_arrow_down
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    Colbert Cannon Managing Director HPS INVESTMENT PARTNERS Bio
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    Alex Chi Partner GOLDMAN SACHS ASSET MANAGEMENT Bio
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    Randy Schwimmer Vice Chairman, Co-Head of Senior Lending CHURCHILL ASSET MANAGEMENT Bio
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    Phil Tseng Managing Director, Co-Head of U.S. Private Capital BLACKROCK Bio
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    John Timperio Partner DECHERT Bio

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