A Vast Market in Private Credit

Anne Walsh, CIO of Guggenheim Partners Investment Management, joins Bloomberg TV from the Milken Global Conference to discuss the implications of ongoing issues in fixed income and how capital rationing favors private credit.

May 01, 2023



Key Takeaways:

  • Capital will be rationed during an economic slowdown and credit contraction.
  • But banks, lenders, and investors should benefit from moving up in credit quality.
  • In private credit, investors have the ability to manage credit requirements and covenants, which should attract capital.
  • One example of capital rationing is disintermediation in the banking sector.
  • The First Republic failure shows that disintermediation remains a problem, but it is not likely systemic.
  • The Federal Reserve will likely hike this week, but it will be slow to start cutting.

Read Q2 2023 High-Yield and Bank Loan Outlook: The Pre-Recession Playbook for Up in Quality



November 27, 2023

Corporate Credit Quarterly Insights - November 2023

Market and portfolio update from our Corporate Credit team

November 20, 2023

Fourth Quarter 2023 Fixed-Income Sector Views

Consistent strategy through volatility.

October 27, 2023

Technical Support Remains Strong but Fundamental Pressures to Grow in 2024

Credit challenges to come as the economy slows.


Are Fixed-Income Investors Being Compensated for the Risks They Are Taking? 

Are Fixed-Income Investors Being Compensated for the Risks They Are Taking?

Maria Giraldo, Investment Strategist for Guggenheim Investments, joins Asset TV’s Fixed Income Masterclass.

Macro Markets Podcast 

Macro Markets Podcast Episode 44: Corporate Credit Review and Preview

Maria Giraldo discusses the performance of the corporate credit sector this year and the rationale for our cautiously optimistic outlook for 2024.

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Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Advisors, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, GS GAMMA Advisors, LLC, and Guggenheim Partners India Management.