Burning Issues: KKR Enters Wall St. Club & Calpers Retools Its Private Portfolio

The video discusses the shift in the LBO loan market, highlighting Apollo Global Management's strategy to compete with traditional Wall Street firms. It explores the challenges faced by pension funds like CalPERS in entering direct lending and achieving target returns. The video also covers Nuveen's strategic merger to enhance its market position, emphasizing the importance of scale in the competitive lending landscape.

How has Apollo Global Management changed its position in the lending market over the past three years?

What strategies does Jim Zelter suggest for competing in the lending market traditionally dominated by Wall Street?

What challenges does CalPERS face in meeting its investment targets?

How is the competitive landscape of direct lending changing according to the text?

What role do relationships with private equity sponsors play in Churchill Asset Management's strategy?