TCW CEO Sees 'Major Accidents' Ahead for Private Credit

The video discusses risk management in public markets, emphasizing the need for experienced teams to conduct due diligence. It highlights the potential opportunities and risks in private credit, noting that many firms started post-financial crisis in a low-rate environment. The importance of experience, particularly in navigating recessions, is underscored. The video also stresses the need for covenant-heavy portfolios and diligent asset management. Finally, it suggests a potential correlation between private equity and private credit, advising managers to focus on origination and not rely solely on large equity sponsors.

What experience does the private credit team led by Rick Miller have that the speaker highlights?

What correlation does the speaker suggest may occur between private equity and private credit?