In episode 85, Alex Proimos speaks with Rob Petrini Co-Head of Performing Credit at Blackstone Credit.
This episode discusses the growing trend of private credit worldwide and why a company ends up in the private credit versus the public credit universe. We cover how private financing characteristics, such as creativity, single, sophisticated holder with a partner mentality and the ability to avoid the costly roadshow or rating agencies presentations improve speed, structuring flexibility and certainty to close. Next, we discuss the opportunities for distressed credit versus performing credit and the associated illiquidity premium that investors should expect. Finally, we wrap up the conversation with some insights on the material differences between reporting and transparency for public versus private issues.