Oaktree's Panossian Says Private Credit 'Most Attractive' in Several Years

The video discusses the current state of the credit markets, highlighting the volatility and opportunities in private credit. It emphasizes the attractiveness of originating first lien loans to private equity sponsors due to low loan-to-values and high returns. The discussion covers the advantages of not having legacy portfolio issues, changes in lending practices, and the opportunities for new entrants as traditional lenders pull back. The video also explores private credit pricing, industry-specific opportunities, and risk management strategies, concluding that the current market conditions are favorable for fundamental investors.

How does the current coupon rate for first lien private credit compare to traditional fixed income?

What are the implications of potential landmines in the investment landscape?

What types of sectors and businesses are being avoided in the current investment climate?