About this episode
The episode discusses the recent stresses in the private credit market and its long-term outlook with industry experts.
After over a decade of rapid growth and relative calm, the private credit market has come under pressure as several high-profile defaults, concerns about valuations, and exposure to a software industry vulnerable to AI disruption have fueled a surge in redemption requests. In this episode, Howard Marks, co-founder and co-chairman of Oaktree Capital Management, Michael Arougheti, co-founder and CEO of Ares Management, and Amanda Lynam, chief credit strategist in Goldman Sachs Research, discuss the recent private credit stresses and the longer-term outlook for the asset class with host Allison Nathan. This episode explores the latest Top of Mind report. This episode was recorded on April 11, 15, 21, and May 1, 2026. The opinions and views expressed herein are as of the date of publication, subject to change without notice, and may not necessarily reflect the institutional views of Goldman Sachs or its affiliates. The material provided is intended for informational purposes only, and does not constitute investment advice, a recommendation from any Goldman Sachs entity to take any particular action, or an offer or solicitation to purchase or sell any securities or financial…
People in this episode
Host: Allison Nathan
Guests: Howard Marks, Michael Arougheti, Amanda Lynam
Topics covered
- private credit
- market pressure
- high-profile defaults
- AI disruption
- investment outlook
Keywords
- private credit
- defaults
- valuations
- AI disruption
- redemption requests
Mentioned in this episode
Organizations: Oaktree Capital Management, Ares Management, Goldman Sachs
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