The latest episode of the CLO Investor Podcast features a conversation with Melissa Brady, Senior Director at Alvarez & Marsal Valuation Services, hosted by Shiloh Bates.
Together, they discuss the evolving dynamics of private credit and the challenges asset managers face in navigating valuation, market shifts, and portfolio stress. Key discussion points include:
- The valuation process for private credit loans and why marks can differ across managers
- How sponsor support and co-lender liquidity are delaying defaults
- The impact of high leverage on current loan performance
- Sector-specific risks, including AI disruption