Key Takeaways
- • Invesco's chief investment officer of global private credit, Scott Baskind, says credit-market volatility has widened spreads and made lower-quality private loans more attractive to investors, according to Bloomberg.
- • Baskind states the firm's ability to pursue "equity-like returns in a credit instrument is even greater today than it's been over many years."
- • The discussion, featured in Bloomberg's Credit Edge podcast, also covered AI lending, default risks, collateralized loan obligation (CLO) growth, and relative value in Europe.
Summary
Invesco's chief investment officer of global private credit, Scott Baskind, told Bloomberg News' James Crombie and Bloomberg Intelligence's Matthew Geudtner on the latest Credit Edge podcast that recent credit-market volatility has widened spreads and made lower-quality private loans look more attractive to investors. Baskind said the opportunity set "has broadened quite significantly over the last several quarters."
Baskind described the current environment as offering strong potential for returns that resemble equity performance from a credit instrument. "Our ability to look for those equity-like returns in a credit instrument is even greater today than it's been over many years," he said.
The podcast also addressed several other themes in private credit, including AI lending, default risks, the growth of collateralized loan obligations, and relative value opportunities in Europe. The source material does not provide specific fund sizes, return figures, or spread levels.
Baskind described the current environment as offering strong potential for returns that resemble equity performance from a credit instrument. "Our ability to look for those equity-like returns in a credit instrument is even greater today than it's been over many years," he said.
The podcast also addressed several other themes in private credit, including AI lending, default risks, the growth of collateralized loan obligations, and relative value opportunities in Europe. The source material does not provide specific fund sizes, return figures, or spread levels.
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