Private credit is ‘resilient’ despite trouble

Blue Owl Capital Inc’s Marc Lipschultz. — Bloomberg

NEW YORK: Blue Owl Capital Inc’s Marc Lipschultz says private credit is still a good place to invest, even as some in the industry warn of weakness and more trouble ahead.

The co-founder and co-chief executive officer of the New York-based asset management firm said he hasn’t seen an up-tick in defaults or companies having performance troubles yet, but acknowledged that the current market has developed some uncertainties.