Apollo Global’s Zelter Sees 'Choppy' Year for Credit Returns

The video discusses direct lending, highlighting its advantages over syndicated loans, such as flexibility and capital investment opportunities. It explores the role of scale as a competitive advantage and the impact of regulatory environments on lending growth. The discussion also covers the evolution of lending standards, market trends, and political risks, including ESG considerations. The economic outlook is analyzed, with predictions of potential stagflation and investment challenges.

What are the advantages of direct lending compared to traditional bank lending?

How has the economic cycle affected the lending strategies discussed?

What role does scale play in the competitive advantage of lenders?

In what ways has New Fortress leveraged direct lending to its advantage?

How do pro forma adjustments impact lending standards?

What factors contribute to the expected returns in credit for the upcoming year?

What are the implications of the current political environment on lending practices?