Lasry: This Is the Golden Age for Private Credit

The video discusses the current landscape of private credit, highlighting opportunities due to tighter bank lending standards. It explores the potential for increased default rates as banks become more cautious and lending becomes more expensive. The discussion also touches on commercial real estate challenges, particularly in New York City, where rising capital costs could lead to higher default rates or force banks to roll over loans. Overall, the video suggests a 'golden age' for private credit lenders as they step in to fill the gap left by traditional banks.

What is one reason private credit is seeing more opportunities?

• Banks are lending more freely.

• There are fewer regulations on banks.

• Interest rates are decreasing.

• Banks face more lending restrictions.

How might tightened lending standards affect default rates?

• Default rates will not be affected.

• Default rates are expected to increase.

• Default rates are expected to remain stable.

• Default rates are expected to decrease.

What is a potential consequence of businesses being unable to borrow?

• Easier access to loans

• Lower interest rates

• More business issues

• Increased business growth

Why is commercial real estate facing challenges in New York City?

• Rising interest rates on fixed-rate mortgages

• Increased demand for real estate

• Decreasing property values

• More government subsidies

What might banks have to do due to increased costs of going to the government?

• Decrease interest rates

• Offload assets

• Increase their lending

• Expand their real estate holdings