Episode 18: Private Credit’s Slow Motion Stress Test (Featuring - Stuart Fiertz)

In episode 18 of In Conversation with Julie Segal, Cheyne Capital’s co-founder and president, Stuart Fiertz, discusses what’s prolonging the credit cycle and why that may be delaying, rather than preventing, a reckoning in private credit. This conversation comes at an important time for private credit as individuals flood retail-oriented funds with redemption requests and as institutions become more cautious about new investments. With the spotlight on private credit, managers are tightening their standards, raising lending rates, and offering fewer goodies to borrowers, such as allowing them to defer interest payments.