Milken conference crowd sees ‘golden’ moment

Credit boom: Koch speaks at an interview in New York. The TCW CEO says there’s been a lot of ‘optimistic’ lending and underwriting in the industry, making this one of the most interesting periods with strong return potential for private credit. — Bloomberg

LOS ANGELES: Some of the biggest players in private credit are anticipating profits from the chaos unleashed by US President Donald Trump’s tariffs, even as the volatility exposes risks lurking in the opaque market.

“I can’t help but think that there might be actually around the corner, in the wake of some of this turmoil, a golden opportunity that’s forming to deploy larger and larger dollars given how much valuations have corrected,” Ares Management Corp chief executive officer (CEO) Mike Arougheti said in a Bloomberg Television interview.