The Sohn Hearts & Minds corporate debt panel finished up some quick fire questions from moderator Tom Anglin. Here are some highlights.
“There’s still too much capital in my mind chasing the deals and lack of deals and that’s artificially suppressing credit spreads,” said Barings Justin Hooley.
“Discretionary retail,” says Hooley.
“Real estate, construction, development loans,” says Revolution’s Bob Sahota.
“Commodities. That’s an equity bet” says KKR’s Diane Raposio.
“Change of management,” says Hooley.
“A CEO with a private jet,” adds Sahota.
“Pick old school data centre builders. Not the upstarts... but the guys that have done in before” says Hooley.
“There’s going to be lots of distress,” warns Eldridge’s Todd Boehly.
“The best thing about credit is you really get two bites at the apple. You get the loan back, and if that doesn’t work out, if you underwrite it [properly], you get the equity back. The stress is going to get interesting,” he adds.
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